Mathematics, 08.08.2021 01:10 saltytaetae

To receive monthly payments of $1500 for 20 years, how much would a person have to invest now in an annuity with an annual interest rate of 3.1% to achieve this goal? Round the answer to the nearest dollar. Hint: Use PV=P·frac(sup((1+i),n)-1,sup(i(1+i) ,n)).

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 22.06.2019 00:00, blachaze8729

Darragh has a golden eagle coin in his collection with a mass of 13.551\,\text{g}13.551g. an uncirculated golden eagle coin has a mass of 13.714\,\text{g}13.714g.

Answers: 2

continue

Mathematics, 22.06.2019 01:00, cldantesBanana

What is the y-intercept of the line with the equation 3x + 4y = 12?

Answers: 1

continue

Mathematics, 22.06.2019 03:00, zah16

Which answer choice is it? is it the first ,second, third or fourth giving 40 points for whoever answers correctly you

Answers: 1

continue

Mathematics, 22.06.2019 04:00, cgarcia04

Walter is to make cookies for a basketball tournament. he's made 15 cookies so far. his coach asked him to make at least 20 cookies but no more than 55. solve the inequality and interpret the solution. 20 ? x + 15 ? 55

Answers: 3

continue

You know the right answer?

To receive monthly payments of $1500 for 20 years, how much would a person have to invest now in an...