To receive an annuity of $8000 for 3 years if interest is earned at 10% annually how much should you invest

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11-11-2018
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To receive an annuity of $8000 for 3 years if interest is earned at 10% annually how much should you invest

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jacksonsyrita95 jacksonsyrita95 · Answer 1 · 2018-11-11T20:33:45+01:00

Take the $8,000 for the total of aunnity receiving and the 3 year interest rate of aunnity as you will multiply.

8,000 x 3= 24,000

Then once you have that amount of aunnity, what if the 10% was added up to the increase of aunnity receiving.

So, you have to divide the total amount of aunnity and 10% increase chance of having amount of aunnity received.

24,000 ÷ 0.10 <-----(always put the 0.10 for a decimal NOT 10)

24,000 ÷ 0.10= 240,000

YOUR ANSWER IS 240,000 of how much did this person received a aunnity.

Аноним Аноним · Answer 2 · 2018-11-11T20:37:05+01:00

Take the $8,000 for the total of aunnity receiving and the 3 year interest rate of aunnity as you will multiply.

8,000 x 3= 24,000

Then once you have that amount of aunnity, what if the 10% was added up to the increase of aunnity receiving.

So, you have to divide the total amount of aunnity and 10% increase chance of having amount of aunnity received.

24,000 ÷ 0.10 <-----(always put the 0.10 for a decimal NOT 10)24,000 ÷ 0.10= 240,000YOUR ANSWER IS 240,000 of how much did this person received a aunnity.

All credit to Jacksonyrita.....^

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