Solve the problem. Round to the nearest cent.Find the present value that will generate $8500 in 2 years paying an APR of 8% compounded quarterly.

A. $9959.10
B. $1245.33
C. $7287.38
D. $7254.67


Answer: D

Mathematics

You might also like to view...

Determine if the series  defined by the formula converges or diverges.a1 = 2, an+1 =  an

A. Converges B. Diverges

Mathematics

Evaluate the given expression.243-0.4 + 360.5

A.
B.
C. 15
D.

Mathematics

Find the square root. Do not use a calculator. Do not refer to a table of square roots.

A. 13
B. 169
C.
D. 28,561

Mathematics

Find the correct end behavior diagram for the given polynomial function.f(x) = -3.97x4 - x3 + x2 - 9x + 2

A.
B.
C.
D.

Mathematics