You have a choice of four increasing annuities as shown in the table below. Which annuity will reach a future value of $100,000 the earliest? Payment Annual Rate Interest Periods Per Year Annuity A $200 6% 1 (Use the interactive figure to find your answer.) Click here to launch the interactive figure Choose the correct answer below. OA. Annuity D OB. Annuity C OC. Annuity A OD. Annuity B Annuity B $800 10% 4 BECORD Annuity C $1200 9% 12 Annuity D $73 3% 52
You have a choice of four increasing annuities as shown in the table below. Which annuity will reach a future value of $100,000 the earliest? Payment Annual Rate Interest Periods Per Year Annuity A $200 6% 1 (Use the interactive figure to find your answer.) Click here to launch the interactive figure Choose the correct answer below. OA. Annuity D OB. Annuity C OC. Annuity A OD. Annuity B Annuity B $800 10% 4 BECORD Annuity C $1200 9% 12 Annuity D $73 3% 52
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question

Transcribed Image Text:You have a choice of four increasing annuities as shown in the table below. Which annuity will reach a
future value of $100,000 the earliest?
Payment
Annual Rate
Interest Periods
Per Year
Annuity A
$200
6%
1
(Use the interactive figure to find your answer.)
Click here to launch the interactive figure
Choose the correct answer below.
OA. Annuity D
OB. Annuity C
OC. Annuity A
OD. Annuity B
Annuity B
$800
10%
4
CHECOR
Annuity C
$1200
9%
12
Annuity D
$73
3%
52
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