Question about Vehicle Parts & Accessories

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FV = P (1+ i)^n (FV:Future Value,P:Principle,i:Interest%, n: num of years)

FV= 1288(1+.07)^14

FV = 1288(1.07)^14

FV = 1228(2.578)

FV = 3165.78 (approximately!)

Posted on Oct 19, 2013

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If 1288 is deposited yearly The Final Amount is:

34,399.33 USD

If 1288 is deposited only once The Final Amount is:

3,321.15 USD

Posted on Oct 11, 2013

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Posted on Jan 02, 2017

You have to say if simple or compound interest, and whether annual interest or some other period. Assuming compound interest annually, it is 3.78%, for the second case, earnings are $1483

Apr 21, 2014 | SoftMath Algebrator - Algebra Homework...

Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Nov 20, 2013 | Texas Instruments TI-30X-IISTK Scientific...

Hi, perhaps this pdf helps:

http://education.ti.com/downloads/guidebooks/graphing/83p/83m$book-eng.pdf page 442,

Ronald

http://education.ti.com/downloads/guidebooks/graphing/83p/83m$book-eng.pdf page 442,

Ronald

Aug 14, 2012 | Texas Instruments TI-83 Plus Calculator

James Street will have to deposit $5910 dollars each year, for eight years, into that "planning" account. Compounded annually, it will be just enough to cover the four amounts to be withdrawn from the account on years 7($18,000), 8($19,000), 9($20,000) and 10($21,000) of the account. Comes down to about $9 left in the account upon the last withdrawal.

Jan 26, 2011 | Computers & Internet

Ali decides to invest a certain sum of money in business at the end of each year in the form of an annuity. He wants to get a sum of Rs.40, 000 after 20 years. If the payments accumulate at expected profit of 8% compound annually, how much should he start investing annually?

Jan 15, 2011 | Philips RQ1150 SensoTouch Rechargeable...

about 30744.87

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Jan 13, 2011 | Intel PENTIUM-4 865GV CHIP MOTHER BOARD...

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 13, 2011 | Health & Beauty

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 12, 2011 | Oster 76076-010 Hair Trimmer

Jan 12, 2011 | Health & Beauty

Hmmm, I don't think the problem is with your calculator. I'd be checking the accounting question again as I don't think you've got your annuity question structured right.

4 Year Annuity

14% Annual Interest Rate

Your contributing $4,000 per year over the next 4 years

and you already know the future value is $50,069?

You'd have to make annual payments of $11,878.93 (4 of them) at that annual interest rate to get to a future value of $50,069 (which has a present value of $43,632.24).

Are you sure that the FV isn't the trade in value at the end of the 4 years?

4 Year Annuity

14% Annual Interest Rate

Your contributing $4,000 per year over the next 4 years

and you already know the future value is $50,069?

You'd have to make annual payments of $11,878.93 (4 of them) at that annual interest rate to get to a future value of $50,069 (which has a present value of $43,632.24).

Are you sure that the FV isn't the trade in value at the end of the 4 years?

Oct 05, 2007 | Sharp SHREL738 Calculator

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