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 135 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
Great answer, keep it coming :)

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

The declining age of menarche over the past 150 years has been measured in many European countries, The declining age of menarche over the past 150 years has been measured in many European countries,
Checklist of Developmental Skills: Birth to 5 years Checklist of Developmental Skills: Birth to 5 years
Women who reported one, two, or three or more major life events in the past 5 years were ... Women who reported one, two, or three or more major life events in the past 5 years were ...
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
Extinction and extirpation per years Extinction and extirpation per years
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Video: Simple and Double Sugar

For a complete list of videos, visit our video library