Find the lump sum deposited today that will yield the same total amount as the payments described. Interest is compounded annually.Payments of $12,000 at the end of each year for 10 years at an interest rate of 5%.
A. $105,024.77
B. $92,660.82
C. $150,934.71
D. $134,440.58
Answer: B
Mathematics
You might also like to view...
Using a calculator, evaluate to four decimal places.ln 0.000777
A. 3.1096 B. 7.1601 C. -7.1601 D. -3.1096
Mathematics
Perform the indicated operations and express your answer in the form a + bi.
A. -3i
B. 3i
C. ±3
D. -i
Mathematics
Perform the indicated operation. Write the result in the form a + bi.(7 - 7i) + (5 + 9i)
A. -12 - 2i B. 12 + 2i C. 2 + 16i D. 12 - 2i
Mathematics
Solve the polynomial equation. In order to obtain the first root, use synthetic division to test the possible rational roots. 2x3 - x2 - 10x + 5 = 0
A. {- ,
, -
}
B. {-2, , -
}
C. {,
, -
}
D. {2, , -
}
Mathematics