The mathematics department has just received a $200000 donation. The department wants to invest in an annuity so that they can g

Question

2 years ago

6

The mathematics department has just received a $200000 donation. The department wants to invest in an annuity so that they can g

ove a prize every month to its most improved math student for next 15 years. The bank is offering 4.5% compounded monthly. What would be the size of the department’s monthly prize offered?
Posted this question 1000times plz someone answer, i beg plz help

Question about financial application functions

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Mathematics

1 answer:

docker41 [41] · Answer 1 · 2022-05-28T11:07:08+03:00

docker41 [41]2 years ago

8 0

i think the answer is 6.7