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

Author Question: What is the future value of an annuity of 250 per month for 6 years at 3 interest compounded ... (Read 163 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
What is the future value of an annuity of 250 per month for 6 years at 3 interest compounded monthly?  The answer is 23,751.76.
  Indicate whether the statement is true or false

Question 2

Translate into an equation: 11 times the difference of P and 29 gives 759.
 A) 759(P  29 ) = 11
  B) 29(P  759 ) = 11
  C) 11(P  29 ) = 759
  D) 11(P + 29 ) = 759


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


nelaaney

  • Member
  • Posts: 560
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

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 simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
Life Cycle Nutrition: Toddlers through the Later Years Life Cycle Nutrition: Toddlers through the Later Years
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Heart drawing by 6 years old Heart drawing by 6 years old
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library