Answer:
it would be on the 6th tick
Hi there
The formula of the future value of annuity due is
Fv=pmt [(1+r)^(n)-1)÷r]×(1+r)
Fv future value?
PMT payment 9000
R interest rate 0.04
N time 75−51=24 years
So
Fv=9,000×((((1+0.04)^(24)−1)
÷(0.04))×(1+0.04))
=365,813.17
It's c
Hope it helps
Answer:
-2
Step-by-step explanation:
If you have any questions about the way I solved it, don't hesitate to ask ;)