Sarah is the recipient of a trust fund that she will receive over a period of 6 yr. Under the terms of the trust, she is to receive $11,000 the first year and each succeeding annual payment is to be increased by 17%. What is the total amount of the six payments she will receive? Please round the answer to the nearest cent.

a. $101,276.40
b. $101,273.20
c. $101,275.33
d. $101,263.61
e. $101,269.92


c. $101,275.33

Mathematics

You might also like to view...

Use a truth table to determine whether the argument is valid.p ? q~q

A. Valid B. Invalid

Mathematics

Graph the inequality.x < 0

A.

B.

C.

D.

Mathematics

If there are 5 class periods in a school day, and a typical student takes 3 classes, how many different time patterns are possible for the student?

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

Mathematics

Solve the system of equations by elimination, if a solution exists.

A. x = 0, y = 9 B. No solution C. x = -1, y = 9 D. x = 0, y = 8

Mathematics