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Author Question: Find the present value of a 5-year annuity due if the annual payments are 600 and the interest rate ... (Read 77 times)

lidoalex

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on: Jul 10, 2018
Find the present value of a 5-year annuity due if the annual payments are 600 and the interest rate is 11. How much larger is the present value of the annuity due than the present value of the ordinary 5-year annuity?
 
  A) 243.93
  B) 204.76
  C) 279.22
  D) 261.32
  E) 227.45

Question 2

Money-market funds
 
  A) are tax exempt.
  B) typically sell shares to the public in 25,000 denominations.
  C) typically invest in a diversified portfolio of short-term, high-grade debt instruments.
  D) are generally very profitable but fail to provide liquidity to the small investor.


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nathang24

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

C


lidoalex

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Reply #2 on: Jul 10, 2018
Correct answers!


nathang24

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Reply #3 on: Jul 10, 2018
Great! Please up vote :D


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