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 September 8th, 2009, 10:06 AM #1 Newbie   Joined: Sep 2009 Posts: 4 Thanks: 0 Present value annuity Zach wishes to accumulate $50,000 in a fund at the end of 20 years. If he deposits$100 + x in the fund at the end of every 3 months for the first 10 years and $100 in the fund at the end of every 3 months for the second 10 years, find x to the nearest dollar if i(4) = .04. Express the answer in terms of present value annuity symbols (a or a-double-dot) and then evaluate numerically. The answer is given as$520. I'm not really clear on the present value annuity symbols and how they're supposed to be set up so any help would be great thanks!
 September 8th, 2009, 02:21 PM #2 Global Moderator     Joined: Nov 2006 From: UTC -5 Posts: 16,046 Thanks: 938 Math Focus: Number theory, computational mathematics, combinatorics, FOM, symbolic logic, TCS, algorithms Re: Present value annuity Sorry, I don't know the symbols myself -- though I could solve the problem without. Maybe try myfinanceforum (link at the top of the page)?
 September 8th, 2009, 02:54 PM #3 Newbie   Joined: Sep 2009 Posts: 4 Thanks: 0 Re: Present value annuity ok thanks for your help!

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