Use an annuity table to find the periodic payment that will render the sum. Round to the nearest cent.S = $27,000, interest is 8% compounded annually, payments made at the end of each year for 12 years

A. $2195.18
B. $1622.06
C. $2538.40
D. $1422.77


Answer: D

Mathematics

You might also like to view...

Solve the system of equations graphically using a graphing calculator. Find all values to the nearest tenth.x2 + 2y2 = 32y = 6 - x

A. x = -1.2, y = 3.6 B. x = -1.2, y = 3.6; x = 5.2, y = 0.4 C. No solution D. x = 5.2, y = 0.4

Mathematics

Identify the conic section as a circle, parabola, ellipse, or hyperbola.

A. Hyperbola B. Parabola C. Circle D. Ellipse

Mathematics

Write a formula for the nth term of the arithmetic sequence. Use the formula to find the indicated term of the sequence.a = 6, d = -9;Find a15.

A. an = 6 - 9n, a15 = -120 B. an = 15 - 9n, a15 = -48 C. an = 15 + 9n, a15 = -120 D. an = 15 - 9n, a15 = -120

Mathematics

Provide an appropriate response.You are asked to change 5 to an improper fraction. What should be your first step?

A. Multiply 8 and 5. B. Divide 8 by 13. C. Multiply 13 and 5. D. Add 5 and 8.

Mathematics