Ask Experts Questions for FREE Help !
Ask
    wwagner's Avatar
    wwagner Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 21, 2010, 07:54 PM
    Invest into an ordinary annuity where $1,100 is deposited each year into an account t
    Invest into an ordinary annuity where $1,100 is deposited each year into an account that earns 4.8% interest compounded annually.
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Apr 22, 2010, 03:44 AM

    Details of workings for 10 Years:-

    YR INVEST PLUS INTEREST
    1 1,100.00 1,152.80
    2 2,252.80 2,360.93
    3 3,460.93 3,627.06
    4 4,727.06 4,953.96
    5 6,053.96 6,344.55
    6 7,444.55 7,801.89
    7 8,901.89 9,329.18
    8 10,429.18 10,929.78
    9 12,029.78 12,607.21
    10 13,707.21 14,365.15
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is the value today of a 15 year annuity that pays $750 a year? The annuity's fir [ 1 Answers ]

What is the value today of a 15 year annuity that pays $750 a year? The annuity's first payment occurs six years from today.the annual interest rate is 12% for years 1 through 5 and 15% thereafter.

What's the best way to invest $100,000 for short term return [ 1 Answers ]

What's the best way to invest $100,000 for short term return like 5 years in California

Landlord Didn't Provide HOA Application & Deposited Fee in His Bank Account [ 2 Answers ]

The lease states that HOA approval must be obtained prior to lease commencement date. And, that if approval is not obtained prior to the lease commencement date, the deposits must be returned to the applicant (me) and the obligations of all parties under the lease are terminated. Landlord told my...

View more questions Search