Provide an appropriate response.Consider the following annuity: $2000 due at the end of each year for two years, and $3000 due thereafter at the end of each year for three years. At an interest rate of 4% compounded annually, the present value of the annuity is
A. $9,583.28.
B. $12,487.24.
C. $10,211.37.
D. $11,469.37.
E. $10,541.31.
Answer: D
Mathematics
You might also like to view...
The figures are similar. Find the length of the missing side indicated with an x or y.
A. x = 7; y = 13 B. x = 10; y = 14 C. x = 22.5; y = 31.5 D. x = 12; y = 16
Mathematics
Solve the problem.Two 6-sided dice are rolled. What is the probability the sum of the two numbers on the dice will be 4?
A. 
B. 3
C. 
D. 
Mathematics
Solve the formula for the specified variable.A = 
bh for b
A. b = 
B. b = 
C. b = 
D. b = 
Mathematics
Find the common difference, d, for the arithmetic sequence.6, 9, 12, 15, . . .
A. 9 B. 6 C. 3 D. 15
Mathematics