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

Anonymous
timer Asked: Nov 24th, 2015
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% 

Tutor Answer

psumanrec
School: UT Austin

Thank you for the opportunity to help you with your question!

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%



Please rate my answer so that I can further help you in the future.Thanks

flag Report DMCA
Review

Anonymous
Thank you! Reasonably priced given the quality not just of the tutors but the moderators too. They were helpful and accommodating given my needs.

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors