Step-by-step explanation:
you can with a calculator
but to make it easier all the fraction should be in improper form to make subtraction easier
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Answer:
Ordinary annuity
Step-by-step explanation:
Given : ABC Insurance offers an annuity with 4.5% APR for the next 5 years. You decide to invest $1000 each year into this account.
To find : What type of annuity is this?
Solution :
Annuity is the form of insurance in which some of the money is paid each year to secure for future.
There are two types of annuity:
Ordinary annuity - In this annuity the payment is made at the end of each period over a fixed length of time. Also in this annuity payments are made monthly, quarterly, semi-annually or annually.
Annuity due - is the opposite of ordinary annuity as in this the payment is made at the beginning of each period.
In the given situation the annuity is ordinary annuity because the investment is done each year for 5 years.
The answer is
2/5 = 0.4
Because
2/5 2 divide 5 = 0.4
as you notice above, is the first-row components from A, multiplying all the columns subsequently on B, and you add the products of that row, that gives you one component on the AB matrix
in the one above, we end up with a 2x3 AB matrix
