Find the present value of the annuity. Assume that all interest rates are annual rates.If Peter can afford car payments of $185 per month for 5 years, what is the price of a car that he can afford now? Assume an interest rate of 8.5%.
A. $8777.12
B. $9017.12
C. $9167.22
D. $8995.62
Answer: B
You might also like to view...
Solve the equation.4k2 - 31k - 8 = 0
A. -4, 8
B. - , 4
C. - , 8
D. , -
Provide an appropriate response.Suppose that you can invest $8000 in a business that guarantees you the following cash flows: $4000 at the end of 2 years, $3500 at the end of 4 years, and $2000 at the end of 7 years. Use a graphing calculator to graph the net present value as a function of the interest rate compounded annually. Determine the interest rates for which the investment is profitable.
Fill in the blank(s) with the appropriate word(s).
Write the equation of the line that satisfies the given conditions. Write the equation in slope-intercept form, if possible.contains (1, -5) with undefined slope
A. x = -5 B. y = -5 C. y = 1 D. x = 1
Solve.The Forest County school system has 3682 high school students, 3921 middle school students, and 4909 elementary school students. How many total students are in the Forest County school system?
A. 12,420 B. 12,567 C. 12,472 D. 12,512