What is the present value of an ordinary annuity of 600 per ...

[SO00]

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

[annierak]

Answer to Question 1

TRUE

Answer to Question 2

C

[SO00]

Thanks for the timely response, appreciate it

[yeungji]

Great answer, keep it coming