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Science-Related Homework Help Mathematics Topic started by: majarm on Nov 27, 2017



Title: Knowing that the education costs for her kids would be huge, Roberta puts a lump sum of money from ...
Post by: majarm on Nov 27, 2017
Knowing that the education costs for her kids would be huge, Roberta puts a lump sum of money from her inheritance in a savings account paying an interest of 4.69% compounded monthly. If ordinary annuity payments of $1500.00 per month are to be paid out of the account at the end of the month for four years starting fifteen years from now, how much did Roberta deposit?
A) $65 533
B) $32 474
C) $65 592
D) $32 723
E) $54 343


Title: Re: Knowing that the education costs for her kids would be huge, Roberta puts a lump sum of money ...
Post by: yacom on Nov 27, 2017
B