Solve the problem.After working for 25 years you would like to have  in an annuity for early retirement. If the annual interest rate is , compounded monthly, what will your monthly deposit need to be?

A. $2666.67
B. $911.93
C. $1146.98
D. $3088.48


Answer: B

Mathematics

You might also like to view...

Find the missing sides of each special right triangle.

A. 4 and 4
B. 4 and 4
C. 4 and 4
D. 4 and4

Mathematics

Factor the polynomial completely using the trial and error method.6x2y2 + 7xy2 - 20y2

A. (3x - 4y)(2x + 5y) B. y2(x - 4)(6x + 5) C. y2(3x - 4)(2x + 5) D. (2x - 4y)(3x + 5y)

Mathematics

Use Bayes' rule to find the indicated probability.Two stores sell a certain MP3 players. Store A has 34% of the sales, 5% of which are of defective items, and store B has 66% of the sales, 1% of which are of defective items. The difference in defective rates is due to different levels of pre-sale checking of the product. A person receives a defective item of this product as a gift. What is the probability it came from store B?

A. 0.275 B. 0.22 C. 0.5667 D. 0.7083

Mathematics

Solve the equation.x(1 + 3x) = (3x - 1)(x - 3)

A.
B.
C.
D.

Mathematics