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Published byKristin Gregory Modified over 9 years ago
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Annuities By Jordan Moncada
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ANNUITY A series of payments made in equal intervals (loans, retirement plans, etc.)
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Present Annuity APR= Annual percentage rate i = interest rate÷ time period per year n= total # of payments P= annuity payment Hints when to use this equation: monthly car payments, house mortgages, etc.
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Future Value of an Annuity APR= Annual percentage rate i = interest rate÷ time period per year n= total # of payments P= annuity payment Hints when to use this equation: IRA(individual retirement accounts), etc.
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