Find the lump sum deposited today that will yield the same total amount as this yearly payment made at the end of each year for 20 years at the given interest rate, compounded annually.$800 at 3%
A. $12,332.00
B. $11,902.00
C. $11,458.56
D. $11,894.00
Answer: B
You might also like to view...
Find the mass of the wire that lies along the curve r and has density ?.r(t) = i + 3tj, 0 ? t ? 1; ? = 4t
A. units
B. units
C. 2 units
D. units
Use the information given in the chart or graph to determine the truth values of the simple statements. Then determine the truth value of the compound statement given.Moon 1 has a smaller diameter than Moon 3 and Moon 5 may have water ice, if and only if Moon 2 may have both water ice and an atmosphere.
A. False B. True
Provide an appropriate response.When an improper fraction is converted, if there is a remainder, it is a whole number.
A. True B. False
Solve the system of equations graphically, if a solution exists.4x + y = 6 x + 4y = 9
A. x = 1, y = 0 B. x = -1, y = 2 C. x = 1, y = 2 D. x = 2, y = -2