Ask your own question, for FREE!
Mathematics 13 Online
OpenStudy (anonymous):

Nancy Billows promised to pay her son $600 quarterly for 4 years. If Nancy can invest her money at 6 percent in an ordinary annuity, Nancy must invest how much today?

OpenStudy (mathteacher1729):

This page explains the kind of finance stuff you're asking about better than most I could find. http://www.frickcpa.com/tvom/TVOM_FV_Annuity.asp Also, this particular question doesn't seem to make sense. Does it want the value of the annuity after 4 years? Or does it want... how much she should put in the annuity now such that, after 4 years, she has (6*400 = $2,400)?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
queenttbad: https://meet.hostpoint.ch/coolpeople
8 hours ago 5 Replies 0 Medals
Arizona: can someone check out my essay i'm doing in my senior English class about the McD
17 hours ago 1 Reply 0 Medals
IcedShots: I was wondering, is there anybody on here around my age? Im turning 15 on December 1 ud83dude0a.
17 hours ago 1 Reply 0 Medals
Demon25: ITS MY 18th ud83dude2b
13 hours ago 7 Replies 0 Medals
stxandrew1214: I lwk like a junior need help to talk with her and get to know her but I think sh
1 day ago 19 Replies 2 Medals
thatonenerd: Use Hvap of water = 40.7 kJ/mol, c of water = 4.184 J/g.u00b0C, and molar mass of HO = 18.
1 day ago 5 Replies 0 Medals
letrasbonitasz: Typography plays an important role in digital communication. Different font styles can make social media profiles, usernames, messages, and creative designs
3 days ago 3 Replies 1 Medal
Bounty: tested love: im so over love it acquires patience i don't have trials an tribulations yet my souls the only one taken i give 90 you give 10 you say that you
1 day ago 7 Replies 2 Medals
SaltySuga: is it possible to tell how deep a cut is by an open wound? like would i be able t
4 days ago 5 Replies 1 Medal
AndreW2002: I'm trying to change my profile picture but it keeps saying "Either a error occurred, or you tried to upload a gif" but it's not a gif that I'm using, it's
5 days ago 3 Replies 0 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!