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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 154 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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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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