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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 126 times)

Pineapplelove6

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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


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ky860224

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Reply #1 on: Jun 24, 2018
Answer to Question 1

correct: d

Answer to Question 2

correct: d


Pineapplelove6

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  • Posts: 560
Reply 2 on: Jun 24, 2018
Excellent

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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