Find the periodic payment that will amount to the given sum under the given conditions. Round to the nearest cent.S = $40,000; interest is 12% compounded quarterly; payments are made at the end of each quarter for 5 years.
A. $1997.64
B. $1343.27
C. $1488.63
D. $2150.66
Answer: C
You might also like to view...
Complete the statement to illustrate the commutative property.10 + (9 + 11) = 10 + (11 + ___ )
A. 11 B. 9 C. 10 D. 20
Graph the function by starting with the graph of the basic function and then using the techniques of shifting, compressing, stretching, and/or reflecting.f(x) = + 6
A.
B.
C.
D.
Solve the problem.Below is a settlement sheet for the Andersons, who will be closing on their new house in a few days. How much should they bring to closing?Gross amount due from borrower: (Debts) Amount paid by borrower: (Credits)
A. $15.00 B. $7460.99 C. $6651.69 D. $10,560.99
Solve.A wheel is rotating at 6 radians/sec, and the wheel has a 38-inch diameter. To the nearest foot per minute, what is the linear speed of a point on the rim?
A. 560 ft/min B. 575 ft/min C. 570 ft/min D. 565 ft/min