Provide an appropriate response.If $12,000 is used to purchase an annuity consisting of equal payments at the end of every six months for the next 7 years and the interest rate is 6.2% compounded semiannually, find the amount of each payment.

Fill in the blank(s) with the appropriate word(s).


$1069.57

Mathematics

You might also like to view...

Write as a percent.

A. 116% B. 1.16% C. 11.6% D. 12

Mathematics

Determine if the argument is valid or a fallacy. Give a reason to justify answer.If you read, then you will have a high score.You do not read.  You will not have a high score.

A. Valid by reasoning of transitivity B. Fallacy by fallacy of the converse C. Valid by modus tollens D. Fallacy by fallacy of the inverse

Mathematics

Evaluate the expression.(-4)-1

A. -4 
B. - 
C.
D. 4 

Mathematics

Evaluate the derivative.f(x) = sinh-1 

A.
B.
C.
D.

Mathematics