Question: Math 1330 Exam 3 Make-up Name: Show all work! A correct answer with no work is worth I point. Make sure to state the formula

Math 1330 Exam 3 Make-up Name: Show all work! A correct answer with no work is worth I point. Make sure to state the formula you use to get partial credit. Use 4 decimal places in your answers. 15. Suppose $200,000 is~used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the cud of each quarter. How long will it be until_the account balance is $0? a) Solve the PV formula for mt. \\ b) How long will it lye until the account ba-lanca is $0?"

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