Solve the problem. Round to the nearest cent.To start a new business, Eric invests $765.13 each month in an ordinary annuity paying 7% interest compounded monthly. Find the amount in the annuity after 5 years.

A. $55,543.01
B. $54,012.75
C. $54,777.88
D. $25,005.41


Answer: C

Mathematics

You might also like to view...

Solve using the addition and multiplication principles together.-6x + 6(2x - 6) = -26 - 4x

A. 1
B. - 
C. - 31
D. - 1

Mathematics

Find the surface area of the circular solid. Unless otherwise specified, use 3.14 for ? and round your answer to the nearest tenth.A right circular cone with r = 10 cm, h = 5 cm (Use the formula S = ?r  + ?r2.)

A. 78.5 cm2 B. 157.0 cm2 C. 665.1 cm2 D. 314.0 cm2

Mathematics

Solve the equation.25x2 = 16

A. x = 
B. x =  , - 
C. x = 
D. x = , - 

Mathematics

Find the x- and y-intercepts of the graph of the given equation, if they exist. Then graph the equation.9y - 3x = -6

A. x: - ; y: 2  

B. x: -2; y: - 

C. x: 2; y: - 

D. x: - ; y: -2 

Mathematics