Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Future Value of Annuity.

Anne plans to retire 20 years from now. To provide for that retirement, she initiates a savings program of $8,500 per year in an investment yielding 11% annually. What will the value of the fund be at the beginning of the retirement time? Please show your work easy way so I can understand.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92478943
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

Explain and discuss the following quotepoliticians can be

Explain and discuss the following quote: "Politicians can be strange. They have been calling for the breakup of firms as diverse as energy companies and tech giants like Microsoft and Google because they believe these co ...

Not sure where im going wrong on this one any help is

Not sure where I'm going wrong on this one. Any help is appreciated. The following information relates to RAM Corporation: Accounts receivable                     $160,000 Total credit sales                        $2,500 ...

For a population with a mean equal tonbsp200nbspand a

For a population with a mean equal to 200 and a standard deviation equal to 25, calculate the standard error of the mean for the following sample sizes. ?a)  10 ?b) 30 c) 50 ?a)  The standard error of the mean for a samp ...

Suppose the production function for a firm is given by q4l

Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).

How do you find the sum of x and y values combined when you

How do you find the sum of X and Y Values combined when you are doing linear correlation coefficient?

A quality controller selects 8 items at a predefined

A quality controller selects 8 items at a predefined interval and found that 75% of the time the item was non-defective. Let "S" represent the occurence of a non defective item. Assuming that this experiment is Binomial: ...

A sample of 184 randomly selected students found that the

A sample of 184 randomly selected students, found that the proportion of students planning to travel home for Thanksgiving is 0.69. What is the standard deviation of the sampling deviation?

Suppose demand is given by the equation qd 80p using the

Suppose demand is given by the equation: QD = 80/P Using the midpoint method, what is the price elasticity of demand between $2 and $4?

What are the implications of the shift from medical care to

What are the implications of the shift from medical care to the focus on overall health conditions?

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean.  A random sample of 44 gas grills has a mean price of $ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As