![brittanysanders](/avatars/49157.jpg)
brittanysanders
22.05.2021 •
Mathematics
Future Value of an Annuity for Various Compounding Periods
Find the future values of the following ordinary annuities.
FV of $600 each 6 months for 7 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent.
$
FV of $300 each 3 months for 7 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.
$
The annuities described in parts a and b have the same amount of money paid into them during the 7-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns more than the one in part an over the 7 years. Why does this occur?
Please help me on that
Solved
Show answers
More tips
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
Answers on questions: Mathematics
- M Mathematics If you answer correctly you ll get brainliest...
- M Mathematics I WILL MARK AS BRAINLIEST pls just solve question 1 part x only...
- M Mathematics Can someone Please help me show my work for this its due in 5 minutes IT HAS TO DUE WITH LINEAR EQUATIONS....
- M Mathematics Shahbano wants to build a path 60cm wide all around her garden, which measures 18.5m by 7m.If it costs Rs 60 per square meter to pave it, what is the total expense she...
- M Mathematics Given: AD = 27, BD=17, and BC = 22 Find: mZA degrees. mZc= degrees Write your answers to the nearest tenth (.1) of a degree....
- M Mathematics HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP...
- M Mathematics In the rhombus m1 = 140 what are m2 and m3...
- M Mathematics PL join my pedlet https://pad-let.com/26aydenabartlett/uu88e51a7ze6u26t WILL MARK BRAINLIEST...
- M Mathematics At 5 P.M., the total snowfall is 5 centimeters. At 11 P.M., the total snowfall is 11 centimeters. What is the mean hourly snowfall? Write your answer in simplest form as...
- M Mathematics Which shape describes the base of a cone? a. square b.rectangle c. circle d.triangle...
Ответ:
we as a society always focus on the negative and they seem more prevalent for this reason happiness lasts for a moment but then disappears our souls feed on sadness
Step-by-step explanation: don't put that as the answer innless you want your teacher to hate you