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Can someone answer this math question?
Can someone answer this question on annuity?
Formula: S = PMT [(1 + r)^n - 1)] / r
its annuity!
Question: Sarah will be retiring in 15 years. With her children grown and finished with college, he can save money toward his retirement. He decides to deposit $800 per month into a mutual fund that is earning 6.72%, compounded monthly. How much will Sarah have in the account when she retires?
Also, wouldn't you have to divide 6.72(.0672) by 12?
1. Can someone answer this math question?
Can someone answer this question on annuity? Formula: S = PMT [(1 + r)^n - 1)]
] / r its annuity! Question: Sarah will be retiring in 15 years. With her
children grown and finished with college, he can save money toward his retiremen
t. He decides to deposit $800 per month into a mutual fund that is earning 6.72%
, compounded monthly. How much will Sarah have in the account when she retires?
BEST ANSWER
Try this site where you can compare quotes from different companies:
WWW.ANNUITY-HELP.US
![Can someone answer this math question?
Can someone answer this question on annuity? Formula: S = PMT [(1 + r)^n - 1)]
] / r its annuity! Question: Sarah will be retiring in 15 years. With her
children grown and finished with college, he can save money toward his retiremen
t. He decides to deposit $800 per month into a mutual fund that is earning 6.72%
, compounded monthly. How much will Sarah have in the account when she retires?
BEST ANSWER
Try this site where you can compare quotes from different companies:
WWW.ANNUITY-HELP.US](https://image.slidesharecdn.com/annuity2755-130812102825-phpapp01/85/Can-someone-answer-this-math-question-1-320.jpg?cb=1376303353)
