« previous next »

Author Question: Keisha deposited 1,200 annually at a rate of 6. What was the amount of an ordinary annuity after 3 ... (Read 206 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jun 24, 2018
Keisha deposited 1,200 annually at a rate of 6. What was the amount of an ordinary annuity after 3 years?
 A) 1,272
  B) 2,472
  C) 2,620.32
  D) 3,820.32

Question 2

A bond is a certificate issued by a corporation, the federal government, or a municipality whereby the issuer promises to repay the borrowed money at some specific time plus any interest earned.
  Indicate whether the statement is true or false


sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

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.

The Rate Law The Rate Law
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library