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

Author Question: What is the present value of yearly payments of 3,000 at 3 in 15 years? a.38,547.78 ... (Read 62 times)

Pineapplelove6

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
What is the present value of yearly payments of 3,000 at 3 in 15 years?
 
 

  a.38,547.78
  b.41,595.15
  c.13,937.49
  d.35,813.82

Question 2

Mr. Rivers set up an investment program using an annuity due with payments of 250 at the beginning of each month. What is the amount of the annuity if he makes payments for 6 years in an account paying 12 compounded monthly?
 
 

  a.2,028.80
  b.6,743.37
  c.1,778.80
  d.6,493.37


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ky860224

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 24, 2018
Answer to Question 1

correct: d

Answer to Question 2

correct: d


Pineapplelove6

  • Member
  • Posts: 560
Reply 2 on: Jun 24, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Distribution of glaciers in North America (a) in the late twentieth century, and (b) 18,000 years ag Distribution of glaciers in North America (a) in the late twentieth century, and (b) 18,000 years ag
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ... Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library