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    Annuity Calculator: Deposits

    Uploaded by

    Beybi Esteban
    An annuity calculator was used to model a 1-year investment with periodic deposits of $200 made monthly for a total investment of $2,400 earning 2.5% annual interest. The calculations showed that after 1 year, the total value of the investment was $2,432.75, with $32.75 in interest earned on top of the $2,400 deposited.

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    Annuity Calculator: Deposits

    Uploaded by

    Beybi Esteban
    21 views1 page
    An annuity calculator was used to model a 1-year investment with periodic deposits of $200 made monthly for a total investment of $2,400 earning 2.5% annual interest. The calculations showed that after 1 year, the total value of the investment was $2,432.75, with $32.75 in interest earned on top of the $2,400 deposited.

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    An annuity calculator was used to model a 1-year investment with periodic deposits of $200 made monthly for a total investment of $2,400 earning 2.5% annual interest. The calculations showed that after 1 year, the total value of the investment was $2,432.75, with $32.75 in interest earned on top of the $2,400 deposited.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    21 views1 page

    Annuity Calculator: Deposits

    Uploaded by

    Beybi Esteban
    An annuity calculator was used to model a 1-year investment with periodic deposits of $200 made monthly for a total investment of $2,400 earning 2.5% annual interest. The calculations showed that after 1 year, the total value of the investment was $2,432.75, with $32.75 in interest earned on top of the $2,400 deposited.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Annuity Calculator

    Deposits…
    Initial investment: $0.00
    Periodic deposit amount: $200.00
    No. periodic deposits per year : 12
    Deposits made at beginning of period? 1

    Investment Period…
    Length of investment (years): 1

    Interest Rate…
    Annual interest rate: 2.50%

    Calculations
    Initial investment $0.00
    Additional deposits: $2,400.00
    Total amount invested: $2,400.00
    Periodic interest rate: 0.21%
    Value of investment at end of term: $2,432.75
    Interest earned on investment: $32.75

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