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.
Answer:
The probability that exactly two of the four live in their own household and are income-qualified is = .0975
Step-by-step explanation:
Given -
Approximately 85% of persons age 70 to 84 live in their own household and are income-qualified for home purchases.
Probability of sucess ( p ) = 85% =.85
Probability of failure ( q ) = 1 - .85 =.15
n = 4
From combination of n events taking r sucess we use binomial distribution
where , r = 2
the probability that exactly two of the four live in their own household and are income-qualified is =
= 
= 
= .0975
A. The equation is true.
67+33=100
70+30=100
100=100 so yes, the equation is equal.
If 1/10 of the tank is filled in 1/5 of an hour, then multiplying both of those by 5 you would get 5/10 of a tank being filled in a full hour, or answer choice A. Hope this helps! By the way, sorry for the incorrect answer a couple years ago :)
