Solve the problem. Round to the nearest cent.Bob deposits $5000 at the end of each year in an ordinary annuity paying 3% interest compounded annually. Find the amount he will have on deposit after 12 years.

A. $65,960.15
B. $78,088.95
C. $70,960.15
D. $64,038.98


Answer: C

Mathematics

You might also like to view...

Add or subtract, if possible. Assume that all variables represent non-negative values. Simplify your answer. 5 + 6

A. 17
B. 11
C. 7
D. -17

Mathematics

Identify the curve as simple, closed, both, or neither.

A. Simple B. Neither C. Closed D. Both

Mathematics

A projectile is fired with an initial speed of 700 m/s and angle of elevation 60°. Find the range of the projectile.

Mathematics

There were 31,000 people at a ball game in Los Angeles. The day's receipts were $205,000. How many people paid $13 for reserved seats and how many paid $4 for general admission?

A. 20,250 paid $13 and 10,750 paid $4 B. 10,750 paid $13 and 20,250 paid $4 C. 9,000 paid $13 and 22,000 paid $4 D. 22,000 paid $13 and 9,000 paid $4

Mathematics