Find the amount accumulated in the increasing annuity of $150 deposited monthly for 15 years at 5% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
?
A. $4,755.83
B. $40,093.34
C. $7,609.33
D. $76,093.34
E. $18,900.00
Answer: B
Mathematics
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Southwest Dry Cleaners believes that it will need new equipment in 9 years. The equipment will cost $26,000. What lump sum should be invested today at 5% compounded semiannually, to yield $26,000?
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; vertical
A. x = 
B. y = 
C. y = 
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