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# Amount of an Annuity (Annuity "IN") $A=\frac{R[(1+\frac{i}{c})^{tc}-1]}{(\frac{i}{c})}$

1. 1
Calculate the amount of the annuity:
$700 deposited every 6 months for 4 years at 5% compounded semi-annually. 2. 2 Calculate the amount of the annuity:$450 deposited every 3 months for 7 years at 6% compounded quarterly.
3. 3
Calculate the regular deposit for the annuity:
$4000 in 9 years at 4.25% compounded monthly. 4. 4 Calculate the regular deposit for the annuity:$8000 in 15 years at 3.25% compounded quarterly.
5. 5
Your parents want to have \$50,000 saved in 18 years to send you to university. They deposit in an account that pays 4% compounded monthly. What monthly deposit should they make to achieve this goal?
6. 6
You want to have a million dollars when you turn 60 years old. If you start saving when you're 20 years old and deposit in an account that pays 5% compounded monthly. What monthly deposit should you make?
7. 7
If you deposit 600 every 3 months in an investment that pays 6.5% compounded quarterly, about how long would it take to amount to 32,000?
8. 8
If you deposit 900 every 6 months in an investment that pays 3.5% compounded semi-annually, about how long would it take to amount to 12,000?

$$e=mc^2$$