3 years ago

Me Value of Money: Practice

Mathematics

1 answer:

Tatiana [17]3 years ago

3 0

Answer:

$3952.13

Step-by-step explanation:

Annuity amount = future value / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

FV = Future value = $75,000

R = interest rate = 8%

N = number of years = 12

Annuity factor = [(1/08)^12 - 1 ] / 0.08 = 1.8977126

Annuity amount = $75,000 / 1.8977126 = $3952.13

You might be interested in

When calculating the area of a trapezoid, how do you determine which sides are the bases?

ira [324]

Here is a video to help you with your question:

https://youtu.be/WaeD3qKc7Jc

3 0

3 years ago

Matthew has a 150 page book he has read one third of it how many pages has he read so far

posledela

You take 150/3. The answer is 50.

8 0

3 years ago

Solve for -6+3x=x-2+4x

Iteru [2.4K]

Answer:

x= -2

Step-by-step explanation: If you feel skeptical about my answer, then you should plug -2 back into the equation to check if it's correct. And it's correct for me when I did it.

7 0

3 years ago

In ΔGHI, the measure of ∠I=90°, the measure of ∠H=52°, and HI = 63 feet. Find the length of IG to the nearest tenth of a foot.

AveGali [126]

Answer:

80.6

Step-by-step explanation:

5 0

2 years ago

Complete this sentence 10x^3a+6xa^2=2xa(______)

alexira [117]

Answer: 5x² + 3a

Explanation:
$10x^3a+6xa^2=2xa(5x^2 + 3a)$

3 0

3 years ago

Read 2 more answers