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:
It is C - buy from a reputable website
Step-by-step explanation:
I got it right on the quiz. Good luck and may the Lord bless you!
A=p(1+i/m)^mn
A=980×(1+0.08÷4)^(4×5)
A=1,456.23
Answer:
8x - 5y - 13
Step-by-step explanation:
(6x - 3y - 12) - (2x +2y - 10)
(6x - 3y - 12) - 2x - 2y + 10
6x - 3y - 23 - 2x - 2y + 10
8x - 5y - 13
Find the mean of the following<br>
data set.<br>
1,1,2,4,6,7,7,8,9,10,12,13,17,17,18
lisabon 2012 [21]
Answer:
8.8
Step-by-step explanation:
Add all numbers together to get 132
All number of numbers together to get 15
Divide the sum of all numbers by the number of numbers:
132/15
8.8
pls mark brainliest!