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Author Question: What is the present value of yearly payments of 3,000 at 3 in 15 years? a.38,547.78 ... (Read 135 times)

Pineapplelove6

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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



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ky860224

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Answer to Question 1

correct: d

Answer to Question 2

correct: d




Pineapplelove6

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


adf223

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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