This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the present value of an ordinary annuity of 600 per quarter for five years 7 interest ... (Read 106 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 24, 2018
What is the present value of an ordinary annuity of 600 per quarter for five years 7 interest compounded annually?  The answer is 7,282.27.
  Indicate whether the statement is true or false

Question 2

Translate into an equation: A number increased by 19 equals 77 (let the number be represented by k).
 A) k  77 = 19
  B) k  19 = 77
  C) k + 19 = 77
  D) k  19 = 77


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


SO00

  • Member
  • Posts: 568
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Habitat reconstruction is possible based on the kinds of plants present at past sites. Habitat reconstruction is possible based on the kinds of plants present at past sites.
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
Some of the Alleles present at white locus Some of the Alleles present at white locus
Video: Muscular System Animation

For a complete list of videos, visit our video library