Solve the problem. Round to the nearest hundredth, if necessary.84 is 70% of what number?
A. 120
B. 1200
C. 58.8
D. 12
Answer: A
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Currently (in August, 2017), Abby wants to have $20,000 available in August 2021 to make a college tuition payment. To be able to have this amount available, Abby will make equal annual deposits in an investment account earning 12% annually in August 2017,2018,2019,2020,and 2021. What is the annual amount to be deposited?
A. $5,548 B. $4,000 C. $3,148 D. $2,270
Provide an appropriate response.Express the sum in summation notation.1 + 3 + 5 + 7 + 9 + 11 + 13 + 15 + 17 + ... + 37
What will be an ideal response?
Establish the identity.
+ 
= 
What will be an ideal response?
A beginning accounting student comes to you with the following question, "What is the time value of money and does it relate to interest?"Required:Explain the two concepts and how they are related.
What will be an ideal response?