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 129 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
Gracias!

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Correctly administering and interpreting an intelligence test is a skill that takes many years for ... Correctly administering and interpreting an intelligence test is a skill that takes many years for ...
Review Cognitive Changes over the Adult Years Review Cognitive Changes over the Adult Years
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
How to calculate RRSP using the annuity formula How to calculate RRSP using the annuity formula
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library