Provide an appropriate response.Evaluate 
Fill in the blank(s) with the appropriate word(s).
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All of the following are conditions for an ordinary annuity except
A. periodic cash flows must be equal in amount B. the time periods between the cash flows are the same length C. the interest rate is constant for each time period D. interest is compounded in the middle of each time period
Decide whether the statement makes sense. Explain your reasoning.Jose's car gets about 20 miles to the gallon. He is thinking of buying a new fuel-efficient car which gets miles to the gallon and which costs $25,000. He reasons in this way: " I drive about 300 miles per week. Gas costs about $3.50 per gallon. That means I'll save $1365 per year on gas. That means that if gas remains at $3.50 per gallon it will be about 18 years before the car has paid for itself. I don't think I can justify buying the new car. "
What will be an ideal response?
Decide whether the statement makes sense. Explain your reasoning.Niyas is starting a college fund for his 4-year old daughter. He will invest money in a savings account and the money will remain in the account for at least 15 years. The bank told him that an account offering an APR of 5% compounded annually was a better deal than an account offering simple interest at 6% per year.
What will be an ideal response?
Find the exact value of the expression.tan 105°
A.
B.
C. -2 -
D. 2 +