thajwood22 thajwood22
  • 24-11-2014
  • Mathematics
contestada

find the amount of an annuity that consist of 26 monthly payments of $100 each into an account that pays 4% interest per year, compounded monthly

Respuesta :

crisforp
crisforp crisforp
  • 29-11-2014
100 * ( 4 / 100 ) * ( 26 / 12 ) = 4 * ( 26 / 12 ) = 26 / 3 = $ 8.66 ;
Answer Link

Otras preguntas

what is a tropical storm with winds up to 40 and 73 miles per hour?
Lost territories in Europe, Asia Minor, North Africa, and the Middle East A. British Empire B. Western imperialists C. Habsburg Empire D. Ottoman Empire
A restaurant. Served a 20 ounce steak how many does steak weigh in pounds and ounces
The Internet enables a researcher to find source information by: _____. Select all that apply. keyword search URL or web link card catalogue dewey decimal syste
write an equivalent expression for n x a using only addition
Is 2/3 greater than 7/8?
While shopping for clothes, consuelo spend $3 less than twice what Brenda spent. Consuelo spent $81. How much did Brenda spend?
What are the missing interior angles of a polygon if the ones shown are 152° and 50°
Members of Porifera are diploblastic. Which statement clarifies this.
please help me solve this problem t x 3/4 for t = 8/9