# Need business and finance help to invest \$900 per year in an ordinary annuity

Anonymous
account_balance_wallet \$5

### Question Description

If you invest \$900 per year in an ordinary annuity where interest is not taxed, what will be of the amount of the annuity for each interest rate for a 10 year time period at 5%  7%  9%  11%  13%

psumanrec
School: UT Austin

In each of these cases we have to evaluate the future value of the annuity

It is given by the formula

Here the A=\$900

r=rate of interest.

a)When r=5% =.05

b)When r=10%=0.1

c)When r=9%

d)When r=11%

e)When r=13%

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