positivityqueen

10 Questions
2 Answers

0

778

3

+47

PV=11,000

PV=11,000
i=0.005
PMT=500
n=? read more ..

positivityqueen Jul 2, 2017

0

1065

6

+47

Round to the nearest cent

Acme Annuities recently offered an annuity that pays 5.7% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $94,000in 14 years?

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positivityqueen Jul 2, 2017

0

921

7

+47

Future Value of an Ordinary Annuity Formula

In order to accumulate enough money for a down payment on a house, a couple deposits $442
per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in read more ..

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positivityqueen Jul 2, 2017

0

717

0

+47

Future Value of an Ordinary Annuity Formula

Recently, More Money 4U offered an annuity that pays 4.5% compounded monthly. If $1,071 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest? read more ..

positivityqueen Jul 2, 2017

0

799

1

+47

PMT formula

PV=11,000
i=0.005
PMT=$500
n=? read more ..

positivityqueen Jul 2, 2017

0

852

5

+47

Future Value of an Ordinary Annuity Formula

FV=3,000
i=0.04
PMT=$600
n=? read more ..

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positivityqueen Jul 2, 2017

0

710

1

+47

Future Value of an Ordinary Annuity Formula

FV=$?
n=40
i= 0.02
PMT=$84 read more ..

positivityqueen Jul 2, 2017

0

754

1

+47

PMT formula

A company estimates that it will need $ 70,000 in 15 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.7% compounded monthly, how much should each read more ..

positivityqueen Jul 2, 2017

0

825

3

+47

round up to nearest integer

PV=$11,000
n=?
i= 0.005
PMT=$500 read more ..

positivityqueen Jul 2, 2017

0

744

1

+47

round to two decimal places

PV=$14,013;
n=65
i= 0.016 read more ..

positivityqueen Jul 2, 2017

+47

0

thank you for all your help. This answer was incorrect

positivityqueenJul 2, 2017

+47

0

i am confused with the calculator :( it isnt commuting the problems correctly

positivityqueenJul 2, 2017