SOLUTION: If i intend to set up an annuity for 25 years with payments of $250 invested monthly. Interest at 3.75% will be compounded monthly. What will the value of the annuity be after 25
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If i intend to set up an annuity for 25 years with payments of $250 invested monthly. Interest at 3.75% will be compounded monthly. What will the value of the annuity be after 25
Log On
Question 312477: If i intend to set up an annuity for 25 years with payments of $250 invested monthly. Interest at 3.75% will be compounded monthly. What will the value of the annuity be after 25 years? Answer by ankor@dixie-net.com(22740) (Show Source):
You can put this solution on YOUR website! If i intend to set up an annuity for 25 years with payments of $250 invested monthly. Interest at 3.75% will be compounded monthly.
What will the value of the annuity be after 25 years?
:
This is fairly complex equation, if you just want the answer, using the finance feature on my calc I came up with: $123,988.75
