Madeline has an annuity that pays $7902 at the beginning of a time twice a year. If the economy grows at a rate of 3.1% twice a year what is the value of the annuity if she received it in a lump sum now rather than over a period of 16 years? (show work)
A = $198,170.44
B = $201,242.08
C = $158,941.50
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Madeline has an annuity that pays $7902 at the beginning of a time twice a year. If the economy grows at a rate of 3.1% twice a year what ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Find the X Intercept of the parabola with vertex (-3,16) and y intercept (0,-20)
Answers (2)
Eun Mi raked 1/3 of her mother's lawn. Her brother, Yeping, raked 1/3 of the rest of the lawn. What part of the whole lawn still needs raking?
Answers (1)
Solving an Equation with Vallables or Solve the equation. 5x + 6 = 2 (2x - 3)
Answers (2)
The exact value for the density of aluminum is 2.699g/cm3. Working in the science lab at school, Joseph finds the density of a piece of aluminum to be 2.75 g/cm3. what is Joseph percent error? (Round to the nearest hundredths)
Answers (1)
Write (27a^-6) ^-2/3 in simplest form.
Answers (1)
New Questions in Mathematics
2³⁰+2³⁰+2³⁰+2³⁰+2³⁰ = ? what is the value?
Answers (1)
How to identify the factors in the expression 6 (x+5)
Answers (1)
Find the sum 12/13 + ( - 1/13)
Answers (1)
Evaluate the expression, if x=4, y=9, and z=7. x (y + z - 3 squared)
Answers (1)
Jade measured the height of an art frame as 5.23 feet, but the actual height was 6 feet. What is the percent of error in Jade's measurement? 12.83% 13.55% 14.72% 15.55%
Answers (1)