Find the periodic payment required to obtain a future value given the information below. Round to the nearest cent.$61,000 at an APR of 6% compounded annually for 12 years
A. $3615.90
B. $4959.47
C. $3664.66
D. $5734.90
Answer: A
You might also like to view...
Bernie invested a sum of money 5 year(s) ago in a savings account, which has since paid interest at the rate of 6% / year compounded quarterly. His investment is now worth $22,927.66. How much did he originally invest? Round your answer to the nearest cent.
?
$__________
Fill in the blank(s) with the appropriate word(s).
Graph the parabola.y2 = 20x 
A. 
B. 
C. 
D. 
Use estimation to select the best response. Do not calculate. ? In order to retire and live on the interest only, what is a reasonable amount to have in the bank? ? $ __________ (10,000; 300; 500,000; impossible to estimate)
What will be an ideal response?
Simplify the expression by combining like terms, if possible.-(7z - 4) + 4(5z + 9)
A. 13z + 40 B. 13z + 32 C. 13z + 5 D. 13z + 13