document.write( "Question 280921: Compound Annuity
\n" ); document.write( "What is the accumulated sum of the following payment:
\n" ); document.write( "$500 a year for 10years compounded annually at 5%\r
\n" ); document.write( "\n" ); document.write( "I tried: 500(1+5%)^10, but is doesn't seem enough-I think this is only a one time investment. Thank you. \n" ); document.write( "

Algebra.Com's Answer #204144 by checkley77(12844) $\"\"$ $\"About$

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500(1+.05)^10
\n" ); document.write( "500(1.05)^10
\n" ); document.write( "500*1.629=$814.45 ans. \n" ); document.write( "

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