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annuity

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I expect to retire in 12 years 2009-08-03
Polly pose la question :
I expect to retire in 12 years. Beginning one month after my retirement, I would like to receive $500 a month for 20 years. How much must I deposit into a fund today to be able to do so if the rate of interest on the deposits is 12% compounded monthly?
Stephen La Rocque lui répond.
An annuity 2009-02-27
Jules pose la question :
R 20 000 is deposited in the bank,at the end of each year R 5 000 is withdrawn from it, the interest is 13 percent compounded monthly. Calculate how many years that person will be able to use his/her money ?
Stephen La Rocque lui répond.
Saving for his daughter's education 2009-01-15
George pose la question :
To save for his daughter’s university education at the end of each month Mr McLean sets aside £50 in a savings scheme paying 10% p.a. compounded monthly. He begins saving when his daughter is 3 years old. How much will he have saved by the time his daughter is 18?
Harley Weston lui répond.
 
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