Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round the answer to the nearest cent.Annual payments with 3.1% interest compounded annually for 9 years.to accumulate $4400

A. $103.63
B. $382.05
C. $431.35
D. $493.05


Answer: C

Mathematics

You might also like to view...

Solve the problem. If necessary, refer to the table below.?Monthly Payments to Repay Principal and Interest on a $1000 Mortgage  Term of Mortgage (Years)In order to purchase a home, a family borrows $85,000 at an annual interest rate of 5%, to be paid back over a  period in equal monthly payments. How much interest will they pay over the  period? Round to the nearest dollar.

A. $35,991 B. $647,773 C. $116,741 D. $120,991

Mathematics

Find an equation for the ellipse described.Center at (3, 4); focus at (6, 4); vertex at (8, 4)

A.  +  = 2
B.  +  = 1
C.  -  = 1
D.  +  = 1

Mathematics

For the given functions f and g, find the requested function and state its domain.f(x) = x - 5; g(x) = 5x2Find f + g.

A. (f + g)(x) = 5x2 - x + 5; all real numbers B. (f + g)(x) = -5x2 + x - 5; all real numbers C. (f + g)(x) = 5x2 + x - 5; all real numbers D. (f + g)(x) = 5x2 + x - 5; {x|x ? 5}

Mathematics

Consider the feasible set, FS, shown below. Find the coordinates of the vertex B.

A. (0, 4) B. (2, 0) C. (0, 2) D. (4, 0) E. none of these

Mathematics