Find the present value. Round to the nearest cent.To get $10,500 after11 years at 7% compounded annually

A. $5337.67
B. $4750.93
C. $5511.53
D. $4988.47


Answer: D

Mathematics

You might also like to view...

Solve the initial value problem, if possible. = t3y + 4, y(0) = e6

A. Not separable B. y = et4 + 6 C. y = 4et3  + 6 D. y = et4 + 6

Mathematics

Find the sum of the n terms of the indicated geometric sequence with the given values.a1 = 108, r = - , n = 8

A.
B.
C.
D.

Mathematics

Perform the indicated operation.14 tons 1,195 lb + 3 tons 1,859 lb

A. 11 tons 1,336 lb B. 17 tons 1,054 lb C. 18 tons 1,054 lb D. 10 tons 1,336 lb

Mathematics

Provide an appropriate response.Use the compound amount formula A = P nt  to find the accumulated amount on an investment of $500, invested at an interest rate of 5% for 2 years, if the interest is compounded annually.

A. $1,050.00 B. $525.31 C. $551.25 D. $18,000.00

Mathematics