Using an appropriate compound interest table, answer the following question.
?
Required:
?
What is the future amount on December 31, 2024, of eleven deposits of $12,000 each with the first deposit being made on December 31, 2014, and interest at 12% compounded annually?
What will be an ideal response?
??
FVO | = C× (fOn = 11, i = 12%) |
FVO | = $ 12,000 × 20.654583 |
FVO | = $247,855 |
You might also like to view...
Evaluate or simplify the following the expression.161/2 ÷ 16-1/2
A. -1 B. 4 C. 16 D. 8
Complete the ordered pairs. Then graph the equation.x + y = 4(0, ), ( , 0), (3, )
A. (0, 4), (4, 0), (3, 1)
B. (0, -4), (-4, 0), (3, -7)
C. (0, -4), (4, 0), (3, -1)
D. (0, 4), (-4, 0), (3, 7)
Find the exact value of the expression.cos 285°
A. -(
- 1)
B. -(
+ 1)
C. -
D.
Express the sum or difference as a product of sines and/or cosines.sin (7?) + sin (3?)
A. 2 sin (10?) B. 2 sin (5?) cos (2?) C. 2 cos (5?) sin (2?) D. 2 sin (5?) sin (2?)