Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each of the n compounding periods per year.P = $10,000; i = 6%; t = 7 yr, compounded annually
A. $1610.36
B. $2033.64
C. $1808.84
D. $1791.34
Answer: D
You might also like to view...
In a school survey, students showed these preferences for instructional materials. Answer the question.About how many students would you expect to prefer written materials in a school of 600 students?
A. About 216 students B. About 9 students C. About 108 students D. About 54 students
Determine the antilog in base 10 of the given number. Round to four decimal places.-1.6421
A. 0.0023 B. 0.0228 C. 0.2280 D. 19.7982
Determine whether the given geometric series is convergent or divergent, and find the sum if it is convergent.5 + 20 + 80 + 320 + ...
A. Convergent; S = 425 B. Convergent; S = 320 C. Divergent D. Convergent; S = 325
Determine whether or not the equation is linear. If necessary, complete a table to help decide. If the equation is linear, identify the slope and the y-intercept.y =
A. linear;
slope: 0
y-intercept: (0, 3)
B. linear;
slope: -
y-intercept: (0, 0)
C. not linear
D. linear;
slope: 1
y-intercept: (0, 3)