Annuity Compound Formula - Monthly Deposit for $200K in 15 Years

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charleenjie0181

An annuity paying 6.36% compounded monthly is offered. To have $200,000 after 15 years, the monthly deposit needed is calculated. The formula to calculate the monthly deposit amount for an annuity paying interest compounded monthly is provided.

Économie & finance

Annuity and Compound?
A bank recently offered an annuity that pays 6.36% compounded monthly. What equa
al monthly deposit should be made into this annuity in order to have $200,000 in
15 years? Following the answer, what formula should be used?
BEST ANSWER
Try this site where you can compare quotes from different companies:
WWW.ANNUITY-HELP.US

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Annuity Compound Formula - Monthly Deposit for $200K in 15 Years

1. Annuity and Compound? A bank recently offered an annuity that pays 6.36% compounded monthly. What equa al monthly deposit should be made into this annuity in order to have $200,000 in 15 years? Following the answer, what formula should be used? BEST ANSWER Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US