If quarterly payments are made for 15 years, find the value for n in the following present value ordinary annuity formula.
F V = P (StartFraction (1 + t) superscript n Baseline minus 1 over i EndFraction)
a.
(45)
b.
(60)
c.
(15)
d.
StartFraction 15 Over 4 EndFraction
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If quarterly payments are made for 15 years, find the value for n in the following present value ordinary annuity formula. F V = P ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A rectangle has vertices (-1, 1), (-4, 1), (-1, 3), and (-4, 3). If the rectangle is rotated 90° clockwise, what algebraic rule can be used to find each of the new vertices?
Answers (1)
Which values are in the solution set of |x| - 8 < 12?
Answers (1)
Ou want to deposit $12,000 in a bank at an interest rate of 8 percent per year. what is the future value of this money after five years?
Answers (1)
14. What is the missing term in the proportion y/16 = 18/24 A. 12 B. 40 C. 9 D. 10
Answers (2)
Alex plans to invest $6000 for 10 years. Determine how much each investment would be worth to Alex as the CD matures. A. Capitol Banks offers a 10 year CD at an annual rate of 5% using simple interest. B.
Answers (1)
New Questions in Mathematics
What is the solution to 0 = - 6n
Answers (1)
A bike sickle us wrote a distance of 3 miles in 18 minutes. what was the average rate of the bicycle is in miles per hour.
Answers (1)
Over 6.8 months, a tree grew 7.48 inches. What is the tree's growth rate? Enter your answer in the box.
Answers (2)
The equation of the circle whose center is at (2, 1) and radius is 3 is A. (x + 2) ² + (y + 1) ² = 9 B. (x - 2) ² + (y - 1) ² = 9 C. (x - 2) ² + (y - 1) ² = 3
Answers (2)
How do you solve for percent increase and percent decrease?
Answers (1)