× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
Ishara Kariyawasam Ishara Kariyawasam
wrote...
Posts: 1
Rep: 0 0
2 years ago
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for 20 years after retirement. Charlie wants to receive the first annuity payment at the end of the 30th year. Using an interest rate of 10%, how much must Charlie invest today in order to have his retirement annuity (round to nearest $10).

Select one:

a.
$490


b.
$500


c.
$540


d.
$570
Read 502 times
1 Reply

Related Topics

Replies
wrote...
Educator
2 years ago
C is the correct answer:


New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1663 People Browsing
Related Images
  
 769
  
 131
  
 725
Your Opinion
What's your favorite funny biology word?
Votes: 401