Provide an appropriate response.Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years. If the investment earns interest at the rate of 16% compounded quarterly, then each cash flow is
A. $1527.52.
B. $1716.40.
C. $916.40.
D. $1917.39.
E. $2341.23.
Answer: B
You might also like to view...
Restate in a logically equivalent form.If a triangle is equilateral, then its sides are equal.
A. If the sides of a triangle are equal, then it is not equilateral. B. If a triangle is not equilateral, then its sides are equal. C. If the sides of a triangle are not equal, then it is not equilateral. D. If the sides of a triangle are not equal, then it is equilateral.
Round the decimal to the given place value.5.85166, nearest thousandth
A. 5.8517 B. 5.852 C. 5.851 D. 5.853
Find an equation of the line:with slope 0, containing (-4, 1).
A. x = -4 B. x = 1 C. y = 1 D. y = -4
First, use front end rounding to estimate each answer. Then find the exact answer.A truck weights 9147 pounds when empty and 21,181 pounds when loaded. What is the weight of the load?
A. estimate: 21,000 - 9100 = 11,900 pounds; exact: 12,034 pounds B. estimate: 20,000 - 9100 = 10,900 pounds; exact: 12,034 pounds C. estimate: 21,000 - 9000 = 12,000 pounds; exact: 12,034 pounds D. estimate: 20,000 - 9000 = 11,000 pounds; exact: 12,034 pounds