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
The graph of a line gets what as the value of the slope gets bigger
seraphim [82]

Answer:

Steeper

Step-by-step explanation:

As the slope of the line increases in value, the vertical distance becomes greater compared to the horizontal distance. Like in stairs or a roof, this results in the stairs and roof becoming steeper. The line becomes more vertical and steeper in its slant.

8 0
3 years ago
Read 2 more answers
What is the answer to this question? Please
AnnZ [28]

Answer:

y² + 8y + 16

Step-by-step explanation:

Given

(y + 4)²

= (y + 4)(y + 4)

Each term in the second parenthesis is multiplied by each term in the first parenthesis, that is

y(y + 4) + 4(y + 4) ← distribute both parenthesis

= y² + 4y + 4y + 16 ← collect like terms

= y² + 8y + 16

7 0
3 years ago
14) Rounded to the nearest whole number, the square
Katen [24]

Answer:

3934

Step-by-step explanation:

Round 15,479,652 and find square root.

4 0
3 years ago
Line CD contains points C(7, 4) and D(6, 1). Line JK is parallel to line CD. Which two points lie on line JK?
Andru [333]
From 6,1 to 7,4 
We can determine the slope of the line
rise/run
3/1=3

Now we know the slope of the line, a line parallel to it must obtain the same slope, therefore, I tried to see if the increase in y is three times the increase in x
I found the true pair to be A

(-4,1) and (-2,7)

6 0
2 years ago
Read 2 more answers
Suppose you have 18 more quarters than dimes. You have a total of $8.00. How many of each coin do you have? Use the substitution
kramer

Answer:

18 quarters = $4.50

8.00-4.50=3.50

10 dimes+10 quarters=$3.50

Answer= you have 10 dimes and 28 quarters

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
Other questions:
  • marco sells and ships oranges from the trees in his orange grove for 1.25 per pound plus a shipping fee
    6·1 answer
  • PLEASE HELP ME!! ASAP BEST ANSWER WILL BE MARKED BRAINLIEST!!
    11·1 answer
  • Plumber has a 9/4 metre length of the copper piping.(a)he uses 2/3 of this for a job. what length of pipe is left
    15·1 answer
  • Hi pls answer. it’s being timed
    8·2 answers
  • the first image is the question the second is the answer, and i need the in between of how the heck do i do this. the final is t
    10·2 answers
  • SUPER EASY! PLEASE HELP, I will mark brainliest
    7·2 answers
  • Which number is prime? 4 , 9, 21 , 23
    5·2 answers
  • Which side lengths form a right triangle?
    6·1 answer
  • Samuel is running a 3-mile race. He would like to finish the race in under 33 minutes. He has already run for 10.5 minutes.
    5·1 answer
  • Simplify the following expression: 4-3 x 4-8.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!