Ask question

Ask question

All categories

3 years ago

14

Find the future value of the annuity due for $200 deposited at the beginning of each quarter for 12 years at 7% compounded quart

erly.

1 answer:

dimulka [17.4K]3 years ago

4 0

200*(107%)^x

x is the number of quarters that passed.
each year has 4 quarters, so 12 yaers would have: 12*4 = 48 quarters

200*(107%)^48 = 5146

You might be interested in

How do you work out px+py=a?

natka813 [3]

$\bf px+py=a\implies \stackrel{\textit{common factor}}{p}(x+y)=a\implies p=\cfrac{a}{x+y}$

5 0

3 years ago

A school needs to buy new notebook and desktop computers for its computer lab. The notebook computers cost $400 each, and the la

Tanya [424]

Answer:

$8,050 total

Step-by-step explanation:

notebooks: 13×400=5200

desktop: 19×150=2850

8 0

3 years ago

Which of the following fractions will not have a repeating decimal?

hoa [83]

4/5, because to simplify a decimal, you can divide the numerator by the denominator. 4 divided by 5 is 0.8

4 0

3 years ago

Read 2 more answers

This morning, Jake took a history test. There were 90 multiple-choice problems on the test and

ahrayia [7]

Answer:

36

Step-by-step explanation:

To find percent, turn the percent into a fraction (turn 40% into .40) then multiply it by the total number (90).

5 0

2 years ago

a quarterback rushed for a gain of 9 yards in the first play of a football game. on the very next play, he was sacked and lost 9

Svetlanka [38]

9 yards total because the quarterback didnt gain any yards during the second play

3 0

3 years ago