Jacob Sawyer will deposit $3,000 into a special account each year beginning December 31, 2016, with the last deposit being made on December 31, 2019. Jacob wants to know how much will be in his account on December 31, 2019, immediately after the final deposit, if the account earns 10% compounded annually. To solve the problem, Jacob must find the future value of
A. a single sum.
B. a deferred annuity.
C. an ordinary annuity.
D. an annuity due.
Answer: C
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Decide whether the statement makes sense. Explain your reasoning.We will never be able to send our daughter to college. In order to have $100,000 in 20 years we would have to save at least $500 each month, That's more than we can afford.
What will be an ideal response?
Write the first five terms of the geometric sequence with the given first term a and common ratio r.a = 6; r = 
A. 2, 
, 
, 
, 
B. 6, 
, 
, 7, 
C. 6, 18, 54, 162, 486
D. 6, 2, 
, 
, 
Explain how a researcher interested in cognitive development and a researcher interested in social development might each study academic achievement in middle school children.
What will be an ideal response?
What type of research is designed specifically to test some developmental explanation and expand scientific knowledge?
A. experimental B. hypothetical C. theoretical D. applied