Question

Logan accumulated $60,000 in his annuity. He is receiving $600/month, each unit is worth $3. How many units does he receive each month?

A) 20,000 units.
B) 200 units.
C) 2,000 units.
D) 20 units.

Answer 1

Logan receives 200 units each month from his annuity. This is calculated by dividing the monthly amount of $600 by the value of each unit, which is $3. Hence, option (B) is correct.

Step-by-step explanation:

Logan receives a certain number of units each month from his annuity, where each unit is worth $3, and he is getting $600 every month.

To find out how many units he receives monthly, we divide the monthly amount received by the value per unit.

So, the calculation would be $600 divided by $3 per unit.

$600 ÷ $3 per unit = 200 units

Hence, Logan receives 200 units every month. This corresponds to option B) 200 units.