Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
Anthonyling Anthonyling
wrote...
Go to Answer
Posts: 134
Rep: 0 0
3 months ago

Bria promised to pay her son $400 semiannually for six years. If Bria can invest her money at 12% in an ordinary annuity, how much must she invest today to be able to pay her son $400 semiannually for six years?

Note: Round your answer to the nearest cent.

Textbook 
Math for Business and Finance: an Algebraic Approach

Math for Business and Finance: an Algebraic Approach


Edition: 3rd
Author:
Read 26 times
1 Reply
Replies
Answer verified by a subject expert
sandra15sandra15
wrote...
#1
Posts: 143
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Anthonyling Author
wrote...

3 months ago
This site is awesome
GeorgeNeist
wrote...

Yesterday
Thanks for your help!!
jmendoza
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1276 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1044
  
 622
  
 772
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Does a gender wage gap exist in America?