Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. 7. (please, if you are not willing to answer the q

7. (Please, if you are not willing to answer the question completely, please leave the question to...

50.1K

Verified Solution

Question

Advance Math

7.

(Please, if you are not willing to answer the questioncompletely, please leave the question to someone who is!)

a. At the time of his daughter's birth, a man deposited $ 1,000in an account that pays 6%; this amount is set every birthday. Whenhe turned 12, he increased his appropriations to $ 1,500. Calculatethe amount that will be available to her at age 18.

b. José earned $ 4,000,000 from the Puerto Rican lotus and willreceive a check for $ 200,000 now and a similar one every year for19 years. To guarantee these payments, the Electronic Lotterybought an anticipated annuity at the 10% interest rate compoundedmonthly. How much did the electronic Lottery cost the annuity?

Answer & Explanation Solved by verified expert
3.8 Ratings (353 Votes)
PLEASE    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

As some of the most assimilated Indians in the late 19th century, Keetoowah Band of Allotment ended...

Psychology
Q

In van der Waals equation of state of the gas law the constant b is...

Physics
Q

Evaluate the integral Round to the nearest tenth as needed 4 S7x11 2 7x In...

Calculus
Q

Evaluate the limit If the limit does not exist type DNE lim 3 h 9...

Calculus
Q

Solve each equation by taking square roots 6 4x 9 5 8 26 3 173...

Algebra
Q

P23-2A Compute variances, and prepare income statement ...

Accounting
Q

Please solve the whole question PROBLEM 4-5...

Accounting
Q

Evaluate the effects on profitability assessment and earnings persistence of various items that occur infrequently...

Accounting
Q

BE 4-3 Classified balance sheet Obj. The following accounts appear in an adjusted trial balance...

Accounting
Q

Cmo atiende la Contabilidad de Gestin tanto a los usuarios externos como a los internos?

Accounting
Q

In Managerial Accounting, what are some of the tools used by managers using Cost Volume...

Accounting
Q

Question 14 A company manufactures basketball hoops. Compute the total amount of conversion costs from...

Accounting