Mathematics, 02.12.2019 07:31 romeroalexis817
The amount of an ordinary $7,500.00 annuity for 3 years at 12 percent compounded quarterly is
Answers: 3
![\bf \qquad \qquad \textit{Future Value of an ordinary annuity}\\ \left. \qquad \qquad \right.(\textit{payments at the end of the period}) \\\\ A=pymnt\left[ \cfrac{\left( 1+\frac{r}{n} \right)^{nt}-1}{\frac{r}{n}} \right]](/tpl/images/0399/0795/2b5a9.png)
![\bf \qquad \begin{cases} A= \begin{array}{llll} \textit{accumulated amount}\\ \end{array} & \begin{array}{llll} \end{array}\\ pymnt=\textit{periodic payments}\to &7500\\ r=rate\to 12\%\to \frac{12}{100}\to &0.12\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four times} \end{array}\to &4\\ t=years\to &3 \end{cases} \\\\\\ A=7500\left[ \cfrac{\left( 1+\frac{0.12}{4} \right)^{4\cdot 3}-1}{\frac{0.12}{4}} \right]](/tpl/images/0399/0795/8c6b0.png)
Another question on Mathematics
Mathematics, 21.06.2019 13:20
Charles is on a 8 1/2 mile bike ride. he stops for a rest after he’s gone 5 2/5 miles. how much farther does he still have to go?
Answers: 1
Mathematics, 21.06.2019 18:00
Oscar and julie ashton are celebrating their 15th anniversary by having a reception hall. they have budgeted $4,500 for their reception. if the reception hall charges a $90 cleanup fee plus & 36 per person, find the greatest number of people that they may invite and still stay within their budget.
Answers: 1
Mathematics, 21.06.2019 19:30
Aline passes through 3,7 and 6,9 what equation represents the line
Answers: 2
You know the right answer?
The amount of an ordinary $7,500.00 annuity for 3 years at 12 percent compounded quarterly is...
Questions
Mathematics, 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
Social Studies, 16.10.2020 05:01
Chemistry, 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
Advanced Placement (AP), 16.10.2020 05:01
Social Studies, 16.10.2020 05:01
Advanced Placement (AP), 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
World Languages, 16.10.2020 05:01
Social Studies, 16.10.2020 05:01
Mathematics, 16.10.2020 05:01
