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%

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

Secure Information

Content will be erased after question is completed.

Enter the email address associated with your account, and we will email you a link to reset your password.

Forgot your password?

Sign Up