Solve the problem.If $400,000 is to be saved over 15 years, how much should be deposited annually if the investment earns 5% interest compounded annually?
A. $16,171.01
B. $25,130.16
C. $18,536.92
D. $21,454.27
Answer: C
You might also like to view...
Solve the problem. Use an annual percentage rate table if necessary.Jennifer has a 60-month fixed installment loan, with a monthly payment of $182.49. The amount she borrowed was $9000. Instead of making her 30th payment, Jennifer is paying the remaining balance on the loan. What is the total amount due to pay off the balance (use the actuarial method)?
A. $5052.72 B. $5293.44 C. $5110.95 D. $4986.89
Solve the problems.A rectangular plot of land measures 80 feet by 130 feet. Find its area.
A. 10,400 sq ft B. 1,040 sq ft C. 210 sq ft D. 420 sq ft
Find the general term of the sequence.
?
What will be an ideal response?
Add or subtract as indicated.(5a + 6b - c) - (3b + 5c - 5d)
A. 5a + 3b - 6c - 5d B. 5a + 3b - 6c + 5d C. 5a + 3b + 4c + 5d D. 5a + 3b - 4c + 5d