Mathematics, 13.11.2019 07:31 wambold3
Lucy recieves a gift of a twenty-one year annuity on the day she was born. the annuity pays $500 on her odd birthday and $700 on even birthday. if the nominal rate of interest is 8% payable monthly, find the value of this annuity on the day she was born. $5,817.13
a few things have me stuck. if the year of her birth time 0 is odd or even. also, i understand i need to consider the interest for 2 years but how to get my monthly nominal to a two year rate. i just did 8% times 2.
Answers: 2
Mathematics, 21.06.2019 21:50
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Mathematics, 22.06.2019 00:10
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Mathematics, 22.06.2019 01:20
The bottom of a slide at the playground is 6 feet from the base of the play set. the length of the slide is 10 feet. how tall is the slide. 11.66 feet 10 feet 6 feet 8 feet
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