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
saveliy_v [14]
3 years ago
10

What is the value of an annuity due at the end of 15 years of quarterly deposits of $2,000.00 with terms of 8 percent compounded

quarterly? $228,102.00 $228,120.00 $232,665.14 $232,666.08
Business
1 answer:
elena55 [62]3 years ago
4 0

Explanations:

The formula for future value given

deposit amount, A = 2000

deposit interest,  i = 8% annually = 8/4 = 2%, compounded quarterly

compounding period = quarterly

number of periods, n = 15 years = 4*15 = 60 periods (quarters)

The future value is given by:

FV = A*((1+i)^n-1)/i

= 2000*(1.02^60/0.02)

= $228103.08  (rounded to the nearest cent).

The difference in the answer choice is probably due to the teacher's calculator does not have sufficient accuracy.

You might be interested in
A computerized spreadsheet programs is useful for
Oksana_A [137]
I think the answer is A. Sorting and charting data from surveys
8 0
3 years ago
Which of the following categories of persons are usually notentitled to healthcare at the government's expense?
Alika [10]

Answer:

The correct answer is letter "A": Suspects who are being questioned by police.

Explanation:

Suspects of a crime are people who the police believe guilty of an offense based on information they have gathered that may prove that people are at fault, yet, guilt has not been proven. During a questionnaire, suspects are not the responsibility of the government. Then, in front of any medical issue caused during the interview, the suspect will have to handle the coverage of the assistance expense with <em>his or her insurance</em>.

7 0
3 years ago
While eating at Alex’s "Pizza by the Slice" restaurant, Clara experiences diminishing marginal utility. She received 10 utils fr
klemol [59]

Answer:

Alex may have to lower the price to convince Clara to buy a second slice.

Explanation:

Marginal utility is an economic concept that says that a consumer recieves more marginal utility in the first consumption of a good or services than in the second and the subsequents. In fact with each consumption the marginal utility reduces, this effect is known as diminishing marginal utility.

One of the the methods to reduce the effects of the diminishing marginal utility is to reduces prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay smaller amount of money for more of the product.

6 0
3 years ago
Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end
Ratling [72]

Answer:

$5837 approx

Explanation:

Amount = Principal(1\ +\ r)^{n}

Amount deposited at the end of year 1 would yield = $2500 (1\ +\ .09)^{4} = $2500 × 1.41158 = $3528.95

Amount deposited at the end of year year 3 would yield = $750 (1\ +\ .09)^{2} = $891.075

Amount deposited at the end of year 4 would yield = $1300 (1\ +\ .09)^{1} = $1417

Total deposit at the end of year 5 = $3528.95 + $891.075 + $1417 = $5837 approx.  

3 0
2 years ago
What is an entitlement?
madam [21]

Hey! Let's do this together.

An entitlement is a provision made in accordance with a legal framework of a society.

That shows us that we can sum up our answer to "A".

Hopefully you understand, if not we can work on it some more :)

Thanks for using Brainly!

6 0
3 years ago
Read 2 more answers
Other questions:
  • The _________________________ adds insight into what the organization must do to respond to adverse events, minimize the damage
    7·1 answer
  • What factors affect the time value of money and the cost of borrowing money?
    6·1 answer
  • Which of the following is true of concrete expressions?​
    6·1 answer
  • What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in
    5·1 answer
  • Agile teams require motivated members with a higher level of commitment, and agile teams have all of the following desirable tra
    6·1 answer
  • The 15 homes in a new development are each to be sold for one of three different prices so that the developer receives an averag
    10·1 answer
  • Explain in more than 3 sentences why does the USA imports so much from China.
    6·1 answer
  • If an industry is characterized by low entry barriers, strong supplier and buyer positions, high threat of substitutes and inten
    10·1 answer
  • What two key values are identified for each performance parameter in the capability development?
    11·1 answer
  • What two accounting equalities must be maintained in transaction analysis?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!