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.
Add all sides.
5x+2+3x+8+4x-1
Combine like terms
12x+9
Subtract nine to get it on the other side of the equal sign
12x= -9
Divide by twelve
x=-9/12
Simplify
x=-3/4
Plug in x.
Answer:
289/216
Step-by-step explanation:
add the parentheses first
(2/3+3/4)×(3/6+4/9)=
17/12×17/18
then multiply
17/12×17/18=
286/216
I = prt
r = i / pt
r = 36 / 200*3
r = 36 / 600
r = 0.06
answer
a. 0.06
Answer:
y=35x+20
Step-by-step explanation:
