1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jenyasd209 [6]
3 years ago
8

Calculate the future value of the annuity assuming that it is (1) an ordinary annuity (2) an annuity due. Comparing the two type

s of annuities, all else equal, which type is more preferable
Mathematics
1 answer:
olga55 [171]3 years ago
8 0

Answer: Here's the complete question.

calculate the future value of the annuity assuming that it is (1) an ordinary annuity (2) an annuity due. Comparing the two types of annuities, all else equal, which type is more preferable? Why? Amount of annuity Interest rate Deposit period (years) $500 12% 6

Ordinary annuity = 4545, annuity due = 4058 , ordinary annuity is better because it discounts for one less year

Ordinary annuity = 4058, annuity due = 4545, annuity due is better because it discounts for one less year.

Ordinary annuity = 4058, annuity due = 4545, annuity due is better because it compounds for one more year.

Ordinary annuity = 4545, annuity due = 4058 , ordinary annuity is better because it compounds for one more year.

Step-by-step explanation:

Future value of ordinary annuity = Amount*[{(1+r)n – 1}/r]

= 500*[{(1.12)6 – 1}/0.12]

= $4,057.59

i.e. $4,058

Future value of annuity due = (1+r)*Future value of ordinary annuity

= 1.12*4,058

= $4,545

Hence, the answer is

Ordinary annuity = 4058, annuity due = 4545, annuity due is better because it compounds for one more year.

Since payments are made at the beginning of the year

You might be interested in
What are rational numbers?
zvonat [6]

Answer:

I'm not 100% sure, but I think it's 3

5 0
3 years ago
Read 2 more answers
I thought i had the right answer, but it was wrong. So anyone want to to help me with this? Please dont steal points. 7 points e
SSSSS [86.1K]

Answer:16 dollars per shirt

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
PLEASE HELP!!! WILL MARK AS BRAINLISTS!!!
Serjik [45]

The limit is x---->4-

The negative show that x approaches from the left

Now

As x approaches 4 from the left ... Means This number should be less than 4 (<4) but really close to 4.

Let's pick a Number

Say 3.99

Substitute this... You have

3.99/3.99-4

3.99/-0.01

If we choose x to be 3.999

we will have

3.999/-0.001

Notice the pattern... As x approaches 4 from the left... This limit will approach NEGATIVE INFINITY

Why?

As you approach 4 from the left... 3.9,3.99,3.999... You notice that the denominator becomes negative and EXTREMELY SMALL... and when you divide by an extremely small Number..... You'll get a relatively HUGE VALUE(You can try this... Use a calc... Divide any number of choice by a very small number... say.. 0.0000001.... You'll get a huge result

In our case... The denominator is negative... So it Will Approach a very Huge Negative Number

Hence

Answer.. X WILL APPROACH NEGATIVE INFINITY.

Vertical asymptotes are the zeroes of the denominator of a function

The denom. is x-4

Equate to zero to get the asymptote

x-4=0

x=4

Hence... There will be a vertical asymptote at x=4.

Have a great day!

7 0
3 years ago
Can someone help me with this question
Vera_Pavlovna [14]

Answer:

200 kids

Step-by-step explanation:

4 0
2 years ago
Can someone solve this for me please?
Snowcat [4.5K]

Answer:

Step-by-step explanation: to progress gradually and carefully from one stage to the nex

6 0
3 years ago
Read 2 more answers
Other questions:
  • Use square roots to solve the equation x2 = −25 over the complex numbers. Select all the solutions.
    13·1 answer
  • Three brothers have ages that are consecutive odd integers. The difference between the age of the oldest and twice the age of th
    11·1 answer
  • I was wanting to know what is (+4)+(+3)?
    8·1 answer
  • DEF is a right triangle. <br><br> A. True <br> B. False
    10·2 answers
  • Solve for x. 60+24x=28+28x
    6·2 answers
  • What are the square roots of 64144?
    12·2 answers
  • Please answer this is like my fifth try<br><br>-4n(5n+6)-5(3+3n)
    11·2 answers
  • A curtain company has 1,787 yards of fabric to make identical curtains. If each curtain requires 6.5 yards of fabric, how many c
    11·1 answer
  • 11 Need help. I can’t fail this!!
    13·1 answer
  • 10 + 6x + 2x - 7 = 35<br> Help me pls and ty
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!