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Finger [1]
3 years ago
10

Steve Wilson wants to deposit $150 per month into an account earning 4 percent for the next 3 years, so he can purchase a used c

ar at that time. What type of computation would he use to determine the amount he will have for his purchase?
A) Simple interest
B) Future value of a single amount
C) Present value of an annuity
D) Present value of a single amount
E) Future value of an annuity
Business
1 answer:
Lelu [443]3 years ago
5 0

Answer:

E

Explanation:

Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.

Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.

The interest or discount rate is factored into the present value of the annuity in order to derive the future value.

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sergeinik [125]

Answer:

Explanation:

When making a decision, irrelevant items are included in the analysis in both alternatives when using: the total cost approach only.

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2 years ago
You are caring for a 69-year-old man with congestive heart failure. His breathing is profoundly labored, his oxygen saturation r
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Answer:

B)

Explanation:

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3 years ago
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user100 [1]

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3 0
3 years ago
if a reporter asks you, "When did your team stop floundering and get control of this emergency" the following is your best respo
Tomtit [17]
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3 years ago
In this module, we say a "good" money burn means you have spent money wisely. A "bad" money burn means you have spent money you
LekaFEV [45]

Answer:

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Explanation:

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Here in the given instance the following is the explanation for the given instance:

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