find the present value of a 2-year deferred annuity at 5% interest compounded quarterly with payments of 1,200 made every quarter for 4 hours

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?

Select all of the following expressions that are equal to 2.5.

Which of the following is the sum of 3 1/6 + 6 3/8?