Provide an appropriate response.Suppose an annuity due consists of 6 yearly payments of $200 and the interest rate is 5% compounded annually. Determine (a) the present value and (b) the future value at the end of 6 years.
What will be an ideal response?
| (a) | $1065.90 | (b) | $1428.40 |
Mathematics
You might also like to view...
Expand.(4m - 3n)4
A. 256m4 - 768m3n + 864m2n2 - 432mn3 + 81n4 B. 256m4 - 768m3n - 864m2n2 - 432mn3 - 81n4 C. 256m4 - 12,288m3n + 5184m2n2 - 432mn3 + 81n4 D. 256m4 - 12,288m3n - 5184m2n2 - 432mn3 - 81n4
Mathematics
Solve the equation. Express radicals in simplest form.3z2 - 432 = 0
A. {12} B. {217.5} C. {± 13} D. {± 12}
Mathematics
Express the following in interval notation.
A. (3, 7] B. [3, 7) C. (3, 7) D. [3, 7]
Mathematics
Identify the polynomial as a monomial, binomial, trinomial, or none of these. Give its degree.
r3 + 
r2
A. Binomial, degree 5 B. Trinomial, degree 2 C. Binomial, degree 3 D. Binomial, degree 1
Mathematics