powerfrancis123 powerfrancis123

22-06-2020
Mathematics

contestada

Ms. Leslie wants to provide a $1 000 scholarship for an Outstanding Math student at her old high
school. She wants one scholarship awarded every year for the next ten years, with the first
scholarship given one year from now. The school can purchase an annuity at 5% per annum
compounded annually. How much should she give to the school so they can purchase the
annuity?

Respuesta :

22-06-2020

Answer:

$50

Step-by-step explanation:

5% means 5÷100

5÷100×1000÷1

= $50

Answer Link

Otras preguntas

A rectangular garden bed measures 24 feet by 7 feet. A water faucet is located at one corner of the garden bed. A hose will be connected to the water faucet. Th

What law prompted Stowe to write this book? What was she trying to accomplish with this novel? What does Stowe mean when she writes, "And does not the slave sys

A volunteer has 12 pounds of birdseed to put in the bird feeders in all of the city parks. There are 13/4 cups of birdseed in a pound, and each bird feeder hold

A taxpayer with qualified business income who is a patron of an agricultural cooperative will use what form to calculate the qualified business income deduction

A stock market boom causes consumer wealth to increase which results in consumer spending to increase. This increase results in real GDP increase from $28,000 t

A hot lump of 27.7 g of aluminum at an initial temperature of 58.8 °C is placed in 50.0 mL H 2 O initially at 25.0 °C and allowed to reach thermal equilibrium.

The New American Enterprise Mutual Fund's portfolio is valued at $120,000,000. The fund has liabilities of $4,000,000, and the investment company sponsoring the

The Japanese government has proclaimed that its snow is different from that found in any other region of the world. As a result, all snow skis marketed in Japan

Increased optimism about the future will lead to Multiple Choice a. less current investment and more future consumption. b. more current investment and less f

The Dogwood Technology Company managerial accountant computes the May total variance report. The budgeted fixed overhead was $ 47,420 and the standard fixed ove