Find the present value of the ordinary annuity. Round to the nearest cent.Payments of $31,000 are made quarterly for 15 years at 4% compounded quarterly.
A. $1,630,198.58
B. $1,393,606.19
C. $800,038.95
D. $1,077,587.50
Answer: B
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Solve the problem.Find out how long it takes a $2700 investment to earn $300 interest if it is invested at 7% compounded quarterly. Round to the nearest tenth of a year. Use the formula
A. 1.5 years B. 1.3 years C. 1.7 years D. 1.9 years
Write the new function.The linear function f(x) = 76.51x + 1093 provides an approximation of the value (in dollars) of an account opened on January 1, 1997, in the amount of $1093 and earning 7% simple interest, where x = 0 represents January 1, 1997, x = 1 represents January 1, 1998, x = 2 represents January 1, 1999, and so on. Write a new function, g(x), that yields the same f(x)-values when the exact year number is entered.
A. g(x) = 76.51(x - 1997) + 1093 B. g(x) = 76.51(x - 1998) + 1093 C. g(x) = 76.51(1998 - x) + 1093 D. g(x) = 76.51(1997 - x) + 1093
Graph the function.y = log2 (x + 2)
A.
B.
C.
D.
List the intercepts of the graph.Tell whether the graph is symmetric with respect to the x-axis, y-axis, origin, or none of these.
A. intercept: (6, 0) symmetric with respect to x-axis B. intercept: (0, 6) symmetric with respect to y-axis C. intercept: (0, 6) symmetric with respect to origin D. intercept: (6, 0) symmetric with respect to y-axis