State the type and answer the question. What annual deposit is necessary to have $15,000 in 6 years if all the money is deposited at 9% interest compounded annually?
?
Please round the answer to the nearest cent.
?
The type is __________ (present value, future value, sinking fund); annual deposit equals $__________.
What will be an ideal response?
sinking fund; 1,993.80
You might also like to view...
Use the square root property to solve the equation.x2 = 135
A.
B. 15
C. -3, 3
D. 3
Solve the problem. Round to the nearest cent.A restaurant owner purchased a new dishwasher for $2000. She paid 8% down and financed the balance with a fixed installment loan with an APR of
What is the owner's monthly payment? How much will the owner pay in interest?
A. Monthly payment = $160.91; Interest paid =$90.90 B. Monthly payment = $175.37; Interest paid = $104.40 C. Monthly payment = $165.12; Interest paid =$141.50 D. Monthly payment = $160.48; Interest paid = $85.76
Solve the problem.A brick staircase has a total of 19 steps The bottom step requires 101 bricks. Each successive step requires 5 fewer bricks than the prior one. How many bricks are required to build the staircase?
A. 2128 bricks B. 1016.5 bricks C. 2774 bricks D. 1064 bricks
Find the x-intercepts of the polynomial function. State whether the graph crosses the x-axis, or touches the x-axis and turns around, at each intercept. f(x) = -x2(x + 8)(x2 - 1)
A. 0, touches the x-axis and turns around; 8, crosses the x-axis; -1, touches the x-axis and turns around; 1, touches the x-axis and turns around B. 0, touches the x-axis and turns around; -8, crosses the x-axis; -1, crosses the x-axis; 1, crosses the x-axis C. 0, crosses the x-axis; -8, crosses the x-axis; -1, crosses the x-axis; 1, crosses the x-axis D. 0, touches the x-axis and turns around; -8, crosses the x-axis; 1, touches the x-axis and turns around