Annuities (1 Viewer)

[danieljarvis]

i think it just means

period payments e.g. $500 at the end of each month

lump sum e.g. $10000 as a one payment

can you tell us the answers of a b n c please??? i just wana know if i was right

 

[sally_33]

^ a b and c of what??

 

[danieljarvis]

sory cancel that, ignore my stupidity

 

[koopatrooper]

hey daniejarvis.... can i add you to msn? im bored.

 

[H.S.What?]

can you tell us the answers of a b n c please??? i just wana know if i was right

heres the answers to a,b and c

(a) 20,000 = M { (1.01)^72 - 1 / 0.01(1.01)^72 }
= M x 51.15039148
M = $391

(b) $391 x 72 = $28,152

(c) $28,152 - $20,000 = $8152

A = P x (1 + r)^n
A = $8152 x (1 + 0.0075)^48
= $11,699

 

[danieljarvis]

hey danielarvis.... can i add you to msn? im bored.

go for it sperm_rage@hot..

and H.S.What .. thanks!