<span>Volume; Liquid its the answer to your question</span>
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.
Hi! I'm happy to help!
Our total line is JL (4x), and it is split into two parts: JK, and KL. We have our values, and we know that JK+KL=JL, so we can substitute our values and solve for x:
4x=(2x+3)+(x)
4x=3x+3
To solve for x, we have to isolate it on one side of the equation.
First, let's subtract 3x from both sides so that we can isolate x:
4x=3x+3
-3x -3x
x=3
<u>So, our x=3, which means that KL=3.</u>
I hope this was helpful, keep learning! :D
The LCM will be the values that are common to both factors. From the given values the LCM will be 2² * 3² * 5
<h3>Least common multiple</h3>
LCM is the lowest number that can divide all other numbers given in an expression.
Given the prime factorizations 2² * 3² * 5 and 2*3*5. The LCM will be the values that are common to both factors.
From the given values the LCM will be 2² * 3² * 5
Learn more on LCM here: brainly.com/question/233244
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