Answer:
Ordinary annuity
Step-by-step explanation:
Given : ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account.
To find : What type of annuity is this?
Solution :
Annuity is the form of insurance in which some of the money is paid each year to secure for future.
There are two types of annuity:
Ordinary annuity - In this annuity the payment is made at the end of each period over a fixed length of time. Also in this annuity payments are made monthly, quarterly, semi-annually or annually.
Annuity due - is the opposite of ordinary annuity as in this the payment is made at the beginning of each period.
In the given situation the annuity is ordinary annuity because the investment is done each year for 5 years.
I think it's 42 since 7x6=42
Answer:
i have no clue but good luck
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
You need to divide it.Then you get 18 divided by 3.Which is 6
Answer:3.72
Step-by-step explanation:
80x.465 is the equation
