Provide an appropriate response.A debt of $2000 due four years from now is to be repaid by a payment of $1000 now and a second payment at the end of two years. How much should the second payment be if the interest rate is 5% compounded annually?
Fill in the blank(s) with the appropriate word(s).
$711.56
Mathematics
You might also like to view...
Write the partial fraction decomposition of the rational expression.
A. 
+ 
B. 
+ 
C. 
+ 
D. 
+ 
Mathematics
Factor the expression. Express your answer so that only positive exponents occur. x7/4 - x1/4
A. x1/4(x3/2) B. x1/4(x3/2 - 1) C. x1/4(x3/2 + 1) D. x1/4(x3/2 - x)
Mathematics
Solve.The sum of the squares of the digits of a positive two-digit number is 13, and the units digit is 1 more than the tens digit. Find the number.
A. 43 B. 34 C. 23 D. 32
Mathematics
Solve the problem.How long will it take for prices in the economy to double at a 4% annual inflation rate? Round the answer to the nearest hundredth.
A. 28.01 yr B. 14.21 yr C. 17.67 yr D. 23.45 yr
Mathematics