What is the difference between ordinary annuity and annuity due? Give some example of annuities.
1 answer:
You might be interested in
Given:
The minimum and maximum distance that the dog may be from the house can be found by using the equation:
To find:
The minimum and maximum distance that the dog may be from the house.
Solution:
We have,
It can be written as:
Adding 500 on both sides, we get
Now,
and
and
The minimum distance is 492 meters and the maximum distance is 508 meters.
Therefore, the correct option is C.