First calculate the future value of the annuity
The formula to find the future value of an annuity ordinary is
Fv=pmt [((1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT quarterly payment 1500
R interest rate 0.12
K compounded quarterly 4
N time 4 years
Fv=1,500×(((1+0.12÷4)^(4×4)
−1)÷(0.12÷4))
=30,235.32

Now compare the amount of the annuity with amount of the gift
30,235.32−30,000=235.32
So as you can see the amount of the annuity is better than the amount of the gift by 235.32

Second offer is better

Hope it helps!

5 0

4 years ago

“When I left the house this morning, I noticed that I was short on cash,” Gary said. “I spent one-half of what I had on my train

nexus9112 [7]

I don't know the answer

8 0

4 years ago

Montraie has a coin collection. He keeps 10 of the coins in his box, which is 20% of the collection. How many total coins are in

jek_recluse [69]

By definition of percentages, we conclude that Montraie has 10 coins saved in his box that come from a collection with a total of 50 coins.

<h3>How to calculate the quantity of coins in a collection</h3>

In this question we know the quantity of coins in a box and such coins are part of the <em>coin</em> collection. By definition of percentage we have the <em>total</em> quantity of coins in the collection:

x = 10*(100/20)

x = 50

By definition of percentages, we conclude that Montraie has 10 coins saved in his box that come from a collection with a total of 50 coins.

To learn more on percentages: brainly.com/question/13450942

#SPJ1

4 0

2 years ago