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22 January, 10:26

Determine the final amount of an annuity where you invest $10,000 evenly over the course of 20 years annually at a 5% annual interest rate

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Answers (1)
  1. 22 January, 11:43
    0
    17359.63

    Step-by-step explanation:

    (0+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    (ans+500) x1.05

    =17359.63
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