BuyFindarrow_forward

Algebra and Trigonometry (MindTap ...

4th Edition
James Stewart + 2 others
ISBN: 9781305071742

Solutions

Chapter
Section
BuyFindarrow_forward

Algebra and Trigonometry (MindTap ...

4th Edition
James Stewart + 2 others
ISBN: 9781305071742
Textbook Problem

APPLICATIONS

Annuity Find the amount of an annuity that consists of 16 quarterly payments of $ 300 each into an account that pays 8 % interest p e r y e a r , compounded quarterly.

To determine

To find:

The amount of an annuity consisting of 16 quarterly payments of $300 each into an account that pays 8% interest peryear, compounded quarterly.

Explanation

Given:

The interest per year is,

i=8%

Number of quarterly payments is,

n=16

The payment R is,

R=$300

Approach:

The amount Af of an annuity consisting of n regular payments of size R with interest rate i per time period is given by,

Af=R(1+i)n1i ... (1)

Calculation:

The interest per year compounded quarterly is given by,

i=0

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 13 Solutions

Show all chapter solutions add
Sect-13.1 P-11ESect-13.1 P-12ESect-13.1 P-13ESect-13.1 P-14ESect-13.1 P-15ESect-13.1 P-16ESect-13.1 P-17ESect-13.1 P-18ESect-13.1 P-19ESect-13.1 P-20ESect-13.1 P-21ESect-13.1 P-22ESect-13.1 P-23ESect-13.1 P-24ESect-13.1 P-25ESect-13.1 P-26ESect-13.1 P-27ESect-13.1 P-28ESect-13.1 P-29ESect-13.1 P-30ESect-13.1 P-31ESect-13.1 P-32ESect-13.1 P-33ESect-13.1 P-34ESect-13.1 P-35ESect-13.1 P-36ESect-13.1 P-37ESect-13.1 P-38ESect-13.1 P-39ESect-13.1 P-40ESect-13.1 P-41ESect-13.1 P-42ESect-13.1 P-43ESect-13.1 P-44ESect-13.1 P-45ESect-13.1 P-46ESect-13.1 P-47ESect-13.1 P-48ESect-13.1 P-49ESect-13.1 P-50ESect-13.1 P-51ESect-13.1 P-52ESect-13.1 P-53ESect-13.1 P-54ESect-13.1 P-55ESect-13.1 P-56ESect-13.1 P-57ESect-13.1 P-58ESect-13.1 P-59ESect-13.1 P-60ESect-13.1 P-61ESect-13.1 P-62ESect-13.1 P-63ESect-13.1 P-64ESect-13.1 P-65ESect-13.1 P-66ESect-13.1 P-67ESect-13.1 P-68ESect-13.1 P-69ESect-13.1 P-70ESect-13.1 P-71ESect-13.1 P-72ESect-13.1 P-73ESect-13.1 P-74ESect-13.1 P-75ESect-13.1 P-76ESect-13.1 P-77ESect-13.1 P-78ESect-13.1 P-79ESect-13.1 P-80ESect-13.1 P-81ESect-13.1 P-82ESect-13.1 P-83ESect-13.1 P-84ESect-13.1 P-85ESect-13.1 P-86ESect-13.1 P-87ESect-13.1 P-88ESect-13.2 P-1ESect-13.2 P-2ESect-13.2 P-3ESect-13.2 P-4ESect-13.2 P-5ESect-13.2 P-6ESect-13.2 P-7ESect-13.2 P-8ESect-13.2 P-9ESect-13.2 P-10ESect-13.2 P-11ESect-13.2 P-12ESect-13.2 P-13ESect-13.2 P-14ESect-13.2 P-15ESect-13.2 P-16ESect-13.2 P-17ESect-13.2 P-18ESect-13.2 P-19ESect-13.2 P-20ESect-13.2 P-21ESect-13.2 P-22ESect-13.2 P-23ESect-13.2 P-24ESect-13.2 P-25ESect-13.2 P-26ESect-13.2 P-27ESect-13.2 P-28ESect-13.2 P-29ESect-13.2 P-30ESect-13.2 P-31ESect-13.2 P-32ESect-13.2 P-33ESect-13.2 P-34ESect-13.2 P-35ESect-13.2 P-36ESect-13.2 P-37ESect-13.2 P-38ESect-13.2 P-39ESect-13.2 P-40ESect-13.2 P-41ESect-13.2 P-42ESect-13.2 P-43ESect-13.2 P-44ESect-13.2 P-45ESect-13.2 P-46ESect-13.2 P-47ESect-13.2 P-48ESect-13.2 P-49ESect-13.2 P-50ESect-13.2 P-51ESect-13.2 P-52ESect-13.2 P-53ESect-13.2 P-54ESect-13.2 P-55ESect-13.2 P-56ESect-13.2 P-57ESect-13.2 P-58ESect-13.2 P-59ESect-13.2 P-60ESect-13.2 P-61ESect-13.2 P-62ESect-13.2 P-63ESect-13.2 P-64ESect-13.2 P-65ESect-13.2 P-66ESect-13.2 P-67ESect-13.2 P-68ESect-13.2 P-69ESect-13.2 P-70ESect-13.2 P-71ESect-13.2 P-72ESect-13.2 P-73ESect-13.2 P-74ESect-13.2 P-75ESect-13.2 P-76ESect-13.2 P-77ESect-13.2 P-78ESect-13.3 P-1ESect-13.3 P-2ESect-13.3 P-3ESect-13.3 P-4ESect-13.3 P-5ESect-13.3 P-6ESect-13.3 P-7ESect-13.3 P-8ESect-13.3 P-9ESect-13.3 P-10ESect-13.3 P-11ESect-13.3 P-12ESect-13.3 P-13ESect-13.3 P-14ESect-13.3 P-15ESect-13.3 P-16ESect-13.3 P-17ESect-13.3 P-18ESect-13.3 P-19ESect-13.3 P-20ESect-13.3 P-21ESect-13.3 P-22ESect-13.3 P-23ESect-13.3 P-24ESect-13.3 P-25ESect-13.3 P-26ESect-13.3 P-27ESect-13.3 P-28ESect-13.3 P-29ESect-13.3 P-30ESect-13.3 P-31ESect-13.3 P-32ESect-13.3 P-33ESect-13.3 P-34ESect-13.3 P-35ESect-13.3 P-36ESect-13.3 P-37ESect-13.3 P-38ESect-13.3 P-39ESect-13.3 P-40ESect-13.3 P-41ESect-13.3 P-42ESect-13.3 P-43ESect-13.3 P-44ESect-13.3 P-45ESect-13.3 P-46ESect-13.3 P-47ESect-13.3 P-48ESect-13.3 P-49ESect-13.3 P-50ESect-13.3 P-51ESect-13.3 P-52ESect-13.3 P-53ESect-13.3 P-54ESect-13.3 P-55ESect-13.3 P-56ESect-13.3 P-57ESect-13.3 P-58ESect-13.3 P-59ESect-13.3 P-60ESect-13.3 P-61ESect-13.3 P-62ESect-13.3 P-63ESect-13.3 P-64ESect-13.3 P-65ESect-13.3 P-66ESect-13.3 P-67ESect-13.3 P-68ESect-13.3 P-69ESect-13.3 P-70ESect-13.3 P-71ESect-13.3 P-72ESect-13.3 P-73ESect-13.3 P-74ESect-13.3 P-75ESect-13.3 P-76ESect-13.3 P-77ESect-13.3 P-78ESect-13.3 P-79ESect-13.3 P-80ESect-13.3 P-81ESect-13.3 P-82ESect-13.3 P-83ESect-13.3 P-84ESect-13.3 P-85ESect-13.3 P-86ESect-13.3 P-87ESect-13.3 P-88ESect-13.3 P-89ESect-13.3 P-90ESect-13.3 P-91ESect-13.3 P-92ESect-13.3 P-93ESect-13.3 P-94ESect-13.3 P-95ESect-13.3 P-96ESect-13.3 P-97ESect-13.3 P-98ESect-13.3 P-99ESect-13.3 P-100ESect-13.3 P-101ESect-13.3 P-102ESect-13.3 P-103ESect-13.3 P-104ESect-13.4 P-1ESect-13.4 P-2ESect-13.4 P-3ESect-13.4 P-4ESect-13.4 P-5ESect-13.4 P-6ESect-13.4 P-7ESect-13.4 P-8ESect-13.4 P-9ESect-13.4 P-10ESect-13.4 P-11ESect-13.4 P-12ESect-13.4 P-13ESect-13.4 P-14ESect-13.4 P-15ESect-13.4 P-16ESect-13.4 P-17ESect-13.4 P-18ESect-13.4 P-19ESect-13.4 P-20ESect-13.4 P-21ESect-13.4 P-22ESect-13.4 P-23ESect-13.4 P-24ESect-13.4 P-25ESect-13.4 P-26ESect-13.4 P-27ESect-13.4 P-28ESect-13.4 P-29ESect-13.4 P-30ESect-13.4 P-31ESect-13.5 P-1ESect-13.5 P-2ESect-13.5 P-3ESect-13.5 P-4ESect-13.5 P-5ESect-13.5 P-6ESect-13.5 P-7ESect-13.5 P-8ESect-13.5 P-9ESect-13.5 P-10ESect-13.5 P-11ESect-13.5 P-12ESect-13.5 P-13ESect-13.5 P-14ESect-13.5 P-15ESect-13.5 P-16ESect-13.5 P-17ESect-13.5 P-18ESect-13.5 P-19ESect-13.5 P-20ESect-13.5 P-21ESect-13.5 P-22ESect-13.5 P-23ESect-13.5 P-24ESect-13.5 P-25ESect-13.5 P-26ESect-13.5 P-27ESect-13.5 P-28ESect-13.5 P-29ESect-13.5 P-30ESect-13.5 P-31ESect-13.5 P-32ESect-13.5 P-33ESect-13.5 P-34ESect-13.5 P-35ESect-13.5 P-36ESect-13.5 P-37ESect-13.5 P-38ESect-13.6 P-1ESect-13.6 P-2ESect-13.6 P-3ESect-13.6 P-4ESect-13.6 P-5ESect-13.6 P-6ESect-13.6 P-7ESect-13.6 P-8ESect-13.6 P-9ESect-13.6 P-10ESect-13.6 P-11ESect-13.6 P-12ESect-13.6 P-13ESect-13.6 P-14ESect-13.6 P-15ESect-13.6 P-16ESect-13.6 P-17ESect-13.6 P-18ESect-13.6 P-19ESect-13.6 P-20ESect-13.6 P-21ESect-13.6 P-22ESect-13.6 P-23ESect-13.6 P-24ESect-13.6 P-25ESect-13.6 P-26ESect-13.6 P-27ESect-13.6 P-28ESect-13.6 P-29ESect-13.6 P-30ESect-13.6 P-31ESect-13.6 P-32ESect-13.6 P-33ESect-13.6 P-34ESect-13.6 P-35ESect-13.6 P-36ESect-13.6 P-37ESect-13.6 P-38ESect-13.6 P-39ESect-13.6 P-40ESect-13.6 P-41ESect-13.6 P-42ESect-13.6 P-43ESect-13.6 P-44ESect-13.6 P-45ESect-13.6 P-46ESect-13.6 P-47ESect-13.6 P-48ESect-13.6 P-49ESect-13.6 P-50ESect-13.6 P-51ESect-13.6 P-52ESect-13.6 P-53ESect-13.6 P-54ESect-13.6 P-55ESect-13.6 P-56ESect-13.6 P-57ESect-13.6 P-58ESect-13.6 P-59ESect-13.CR P-1CCSect-13.CR P-2CCSect-13.CR P-3CCSect-13.CR P-4CCSect-13.CR P-5CCSect-13.CR P-6CCSect-13.CR P-7CCSect-13.CR P-8CCSect-13.CR P-9CCSect-13.CR P-10CCSect-13.CR P-11CCSect-13.CR P-12CCSect-13.CR P-1ESect-13.CR P-2ESect-13.CR P-3ESect-13.CR P-4ESect-13.CR P-5ESect-13.CR P-6ESect-13.CR P-7ESect-13.CR P-8ESect-13.CR P-9ESect-13.CR P-10ESect-13.CR P-11ESect-13.CR P-12ESect-13.CR P-13ESect-13.CR P-14ESect-13.CR P-15ESect-13.CR P-16ESect-13.CR P-17ESect-13.CR P-18ESect-13.CR P-19ESect-13.CR P-20ESect-13.CR P-21ESect-13.CR P-22ESect-13.CR P-23ESect-13.CR P-24ESect-13.CR P-25ESect-13.CR P-26ESect-13.CR P-27ESect-13.CR P-28ESect-13.CR P-29ESect-13.CR P-30ESect-13.CR P-31ESect-13.CR P-32ESect-13.CR P-33ESect-13.CR P-34ESect-13.CR P-35ESect-13.CR P-36ESect-13.CR P-37ESect-13.CR P-38ESect-13.CR P-39ESect-13.CR P-40ESect-13.CR P-41ESect-13.CR P-42ESect-13.CR P-43ESect-13.CR P-44ESect-13.CR P-45ESect-13.CR P-46ESect-13.CR P-47ESect-13.CR P-48ESect-13.CR P-49ESect-13.CR P-50ESect-13.CR P-51ESect-13.CR P-52ESect-13.CR P-53ESect-13.CR P-54ESect-13.CR P-55ESect-13.CR P-56ESect-13.CR P-57ESect-13.CR P-58ESect-13.CR P-59ESect-13.CR P-60ESect-13.CR P-61ESect-13.CR P-62ESect-13.CR P-63ESect-13.CR P-64ESect-13.CR P-65ESect-13.CR P-66ESect-13.CR P-67ESect-13.CR P-68ESect-13.CR P-69ESect-13.CR P-70ESect-13.CR P-71ESect-13.CR P-72ESect-13.CR P-73ESect-13.CR P-74ESect-13.CR P-75ESect-13.CR P-76ESect-13.CR P-77ESect-13.CR P-78ESect-13.CR P-79ESect-13.CR P-80ESect-13.CR P-81ESect-13.CR P-82ESect-13.CR P-83ESect-13.CT P-1CTSect-13.CT P-2CTSect-13.CT P-3CTSect-13.CT P-4CTSect-13.CT P-5CTSect-13.CT P-6CTSect-13.CT P-7CTSect-13.CT P-8CTSect-13.CT P-9CTSect-13.CT P-10CTSect-13.CT P-11CTSect-13.CT P-12CTSect-13.CT P-13CTSect-13.FOM P-1PSect-13.FOM P-2PSect-13.FOM P-3PSect-13.FOM P-4PSect-13.FOM P-5PSect-13.FOM P-6P