1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zavuch27 [327]
3 years ago
10

ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account. What

type of annuity is this?
Mathematics
2 answers:
kipiarov [429]3 years ago
7 0

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.


Orlov [11]3 years ago
7 0

Answer:

reaccuring payment fixed annuity

Step-by-step explanation:

You might be interested in
Which of the following is a correct conversion of 50 kg
wariber [46]

Answer:

c. 50kg = 50,000g

Step-by-step explanation:

We have to solve these following rule of three to see which of the following is a correct conversion of 50kg.

a)

Each kg has 1000g

So

1kg - 1000g

50kg - xg

x = 50*1000

x = 50,000g

Conversion a) is wrong

b)

Each kg has 1000000mg

So

1kg - 1000000g

50kg - x mg

x = 50*1000000

x = 50,000,000 mg

Conversion b) is wrong

c)

In a), we have already converted 50kg to g. We have verified that 50kg = 50,000g. So c. is correct

d)

In b), we have already converrted 50kg to mg. We have verified that 50kg = 50,000,000g. So d. is wrong

4 0
3 years ago
List three ways to express 3^5 as a product of powers
eduard
1st way- 3^2 * 3^3
2nd way- 3 * 3^4
3rd way- 3^0 * 3^5
5 0
3 years ago
Which expressions result in a positive number?
Anon25 [30]
Expression B results in a positive number

Cheerios
4 0
3 years ago
When are brackets used in a expression?
Pani-rosa [81]

When brackets are used in a expression its most likely there and there's parenthesis inside of the brackets. Hope this helps. :|

3 0
3 years ago
Find three consecutive integers whose sum is 48
andriy [413]

Answer:

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • In the new logo, what fraction of the parallelogram is shaded?
    13·1 answer
  • A bread company makes 9 types of bread. A restaurant chain ordered 497 loaves of each kind of bread. How many loaves of bread in
    13·1 answer
  • How many times greater is the value of the 2 in 420,300 than the value of the 2 in 65,126
    10·2 answers
  • The product of 3 and 1 less than a number is
    11·1 answer
  • What two integers is in between 71
    12·1 answer
  • You want to purchase a North Face jacket for $180. You have already saved $115 and can set aside $13 a week. Which inequality ca
    8·1 answer
  • Solving Polynomials (PLZ HELP... BRAINLIEST WHOEVER GETS IT RIGHT)
    10·1 answer
  • Christo graphs AB with endpoints A( -3, -2 ) and B ( -1, -2 ) what are the endpoints of the image after a reflection of AB acros
    15·2 answers
  • Anna is testing different weights of certain things. The bucket she is holding that is full of water weighs 5lbs. Anna weighs he
    5·2 answers
  • I need help with this
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!