Need business and fiance help for investing $900 per year in an ordinary annuity

label Business
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schedule 1 Day
account_balance_wallet $5

If you invest $900 per year in an ordinary annuity where interest is not taxed, what will be the amount of the annuity for each interest rate for a 30 year time period at 5%  7%  9%  11%  13%

Nov 24th, 2015

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

P.V=A(1+r)^-n/r)

at 5%

pv=9000(1+0.05)^-30/0.05)

=41,647.94076

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 24th, 2015

at 5%

9000(1-(1+0.05)^-30/0.05)

=$138,352.0592


at 7%

=9000(1-(1+0.07)^-30/0.07)

=$111,681.3707


at 9%

=9000(1-(1+0.09)^-30/0.09)

=$92,462.88639


at 11%

=9000(1-(1+0.11)^-30/0.11)

=78,244.13316


at 13%

=9000(1-(1+0.13)^-30/0.13)

=$67,460.88095


note:ignore the very first answer i provided on 5%

Nov 24th, 2015

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Nov 24th, 2015
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Nov 24th, 2015
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