Use an annuity table to solve the problem. Round to the nearest cent.The Johnsons want to take a family vacation to Disneyworld. They need to save $5000. If payments of $100 are made at the end of each month at 5% compounded monthly, how many payments must be made to accumulate the money?
A. 49 payments
B. 26 payments
C. 46 payments
D. 33 payments
Answer: C
Mathematics
You might also like to view...
Classify the angle as acute, right, obtuse, or straight.
A. Straight B. Acute C. Right D. Obtuse
Mathematics
Add. Simplify, if possible.3.28 + 5.38
A. 8.67 B. 8.65 C. 8.76 D. 8.66
Mathematics
Perform the matrix multiplication. Find AB for A = 
and B = 
.
A. 
B. 
C. 
D. 
Mathematics
Divide.77.051 ÷ 100
A. 0.77051 B. 7.7051 C. 7,705.1 D. 770.51
Mathematics