FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I tried 4430.15 and it did not work that is not the answer Suppose you purchase for 39896.18 dollars an annuity that earns 6.5 percent

image text in transcribedI tried 4430.15 and it did not work that is not the answer

Suppose you purchase for 39896.18 dollars an annuity that earns 6.5 percent effective. The annuity will make 30 annual payments, with the first coming one year from now, and each payment will be 125 dollars larger than the previous one. What will be the amount of the 12th payment? Answer = dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How Finance Works

How Finance Works

Authors: Mihir Desai

1st Edition

1633696707, 978-1633696709

More Books

Students also viewed these Finance questions

Question

★★★★★
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 15,000 units of output each month. However, it has an absolute maximum output...

Answered: 1 week ago

Question

★★★★★
Do this program in c++ not java or python. Link to question: https://www.scribd.com/document/379518149/EC-Array-Manipulation

Answered: 1 week ago

Question

★★★★★
=+7.10. For a given policy, let A* be the fortune of the gambler's adversary at time n. Consider these conditions on the policy: (i) W .* F+_ Fn -1; (ii) W .* A" _,; (iii)

Answered: 1 week ago

Question

★★★★★
Ottawa University sold 15,000 season football tickets at $80 each for its six-game home schedule. What entries should be made? (a) When the tickets were sold, (b) After each game?

Answered: 1 week ago

Question

★★★★★
Bradley-Links December 31, 2018, balance sheet included the following items: Long-Term Liabilities ($ in millions) 11.0% convertible bonds, callable at 104 beginning in 2019, due 2022 (net of...

Answered: 1 week ago

Question

★★★★★
Using the graph of f x evaluate fro f x dx A 10 7 B 10 7 C 11 3 D 11 9 1 5 2 1 0 y f x Area 11 3 Area 0 6

Answered: 1 week ago

Question

★★★★★
1. two challenges you encountered when creating the work breakdown structure (WBS) for the topic assignment. Provide specific examples of strategies you used to overcome the challenges. In replies to...

Answered: 1 week ago

Question

★★★★★
Are you aware of the range of associations that exist to offer opportunities for event interventions ? Give some examples. 2. How do you market events to trade associations, and what types of...

Answered: 1 week ago

Question

★★★★★
Apply the "Transformation Model" as a construct for understanding the relationship between the inputs, processes, and outputs of an organization.

Answered: 1 week ago

Question

★★★★★
The Smart Manufacturing Company has a cycle time of 3.0 days, uses a Raw and In Process account and charges all conversion costs to Cost of Goods Sold. At the end of each month, all inventories are...

Answered: 1 week ago

Question

★★★★★
Current ROI = 18%, there is a chance to invest in a project that requires $100,000 purchase of assets, which would produce $15,000 additional net income. Should the manager invest or not invest in...

Answered: 1 week ago

Question

★★★★★
6. Does your speech have a clear and logical structure?

Answered: 1 week ago

Question

★★★★★
2 Is the coachs request really an attempt to inform alumni of what the swim program needs in order to persuade them to donate money?

Answered: 1 week ago

Question

★★★★★
2. Are you certain that you can be objective when delivering a speech on this topic, rather than subjective as in a persuasive speech?

Answered: 1 week ago

Previous Question Next Question