subject
Mathematics, 09.12.2020 07:40 dathanboyd

Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and requires a starting principal of $9,000, plus annual $100 deposits for the next 10 years. Annuity B has a 12% annual interest rate and requires a starting principal of $9,000, plus annual $200 deposits for the next 5 years. What is the difference between the final balances of the two annuities?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
If there are 12 moths and some have 31 days and others have 30 days how many have 28 days?
Answers: 2
question
Mathematics, 21.06.2019 17:10
The average number of vehicles waiting in line to enter a parking lot can be modeled by the function f left parenthesis x right x squared over 2 left parenthesis 1 minus x right parenthesis endfraction , where x is a number between 0 and 1 known as the traffic intensity. find the rate of change of the number of vehicles waiting with respect to the traffic intensity for the intensities (a) xequals0.3 and (b) xequals0.6.
Answers: 1
question
Mathematics, 21.06.2019 19:10
Which equation results from adding the equations in this system? x+6y=9 and -x+2y=-15
Answers: 1
question
Mathematics, 21.06.2019 19:30
Find the domain of the following expression: 1/(√x)-2
Answers: 1
You know the right answer?
Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and...
Questions
question
Mathematics, 06.04.2021 17:20
question
Mathematics, 06.04.2021 17:20