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 73 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
YES! Correct, THANKS for helping me on my review

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Literacy Development in the Early Years: Helping Children Read and Write Literacy Development in the Early Years: Helping Children Read and Write
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Earth 600 Million Years Ago Earth 600 Million Years Ago
Earth 340 Million Years Ago Earth 340 Million Years Ago
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library