A grateful alumnus wishes to provide a scholarship of $1,800 per year for 4 years to his alma mater, with the first scholarship awarded on his 59th birthday. If the money is worth an annual rate of 5.1%, compounded annually, how much money must he donate on his 49th birthday? Round your answer to the nearest cent.
?
A. $1,362.43
B. $2,601.05
C. $5,485.16
D. $5,764.90
E. $4,069.80
Answer: E
You might also like to view...
Use the integral test to determine the convergence or divergence of the series.
A. Converges B. Diverges
Express the trigonometric function in terms of the same function of a positive acute angle.csc 166°
A. csc 59° B. -csc 59° C. -csc 14° D. csc 14°
Express the value of the inverse hyperbolic function in terms of natural logarithms.coth-1 
A. 0
B. 
ln -11
C. 
ln 11
D. 
ln 66
Use the accompanying graph of a particle moving on a coordinate line with velocity v = f(t) in ft/sec at time t seconds. The axes are marked off at one-unit intervals. Use these terms to describe the motion state: moving forward/backward, increasing/decreasing speed, and resting. Recall that speed = 
. 
Give the interval(s) when the speed of the particle is decreasing.
A. (6, 8), (11, 19), and (23, 25) B. (6, 11), (15, 17), and (23, 25) C. (6, 11), (15, 21), and (23, 25) D. (6, 8), (15, 19), and (23, 25)