Find the present value of the annuity. Assume that all interest rates are annual rates.Paul has agreed to contribute $116 per year for the next 3 years to his alumni association. However, he wishes to contribute this as one lump sum now. Assume an interest rate of 8%, and determine what lump sum he should contribute.
A. $309.14
B. $311.04
C. $307.24
D. $298.94
Answer: D
You might also like to view...
Find, correct to the nearest degree, the angle between the planes. Select the correct answer.
 multiple choice.png)
Perform the indicated arithmetic.-3 ? 2
A. -7
B. -8
C. -6
D. -6
Add or subtract as indicated. Express the answer as a single polynomial in standard form.(4x2 - 2) - (-x3 - 7x2 - 5)
A. 5x3 - 9x2 + 5 B. x3 - 3x2 - 7 C. x3 + 11x2 + 3 D. 5x3 - 7x2 + 3
Even with most of the problem missing, it is possible to tell whether a suggested answer is reasonable. Determine whether the answer given is reasonable. If it is unreasonable, move the decimal point or insert a decimal point to make the answer reasonable.How fast was he driving?518 miles per hour
A. Reasonable B. Unreasonable, should be 51.8 miles per hour C. Unreasonable, should be 5180 miles per hour D. Unreasonable, should be 5.18 miles per hour