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Author Question: What is the present value of an ordinary annuity that pays 1,000 per year over each of the next ... (Read 105 times)

RODY.ELKHALIL

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on: Jul 10, 2018
What is the present value of an ordinary annuity that pays 1,000 per year over each of the next twenty years if the discount rate is 10? Round to the nearest whole dollar.
 
  A) 8,364
  B) 385
  C) 424
  D) 8,514
  E) 1,537

Question 2

The frequency of default on a home loan is ________ the frequency of default on a credit card.
 
  A) much lower than
  B) much higher than
  C) a bit lower than
  D) a bit higher than


bigsis44

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

D

Answer to Question 2

Answer: A


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