This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The present value of a 100 three-year annuity due (first cash flow occurs today) discounted at a ... (Read 90 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jul 10, 2018
The present value of a 100 three-year annuity due (first cash flow occurs today) discounted at a rate of 10 is equal to ________.
 
  A) 248.69
  B) 273.55
  C) 135.17
  D) 300.00

Question 2

Centralized control over disbursements is assisted by which of the following cash management
  techniques?
 
  A) lockbox system B) zero balance accounts
  C) payable-through drafts D) both B and C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B
Explanation: B)
PV = PMT   (1 + r)1 = 100   (1.10)1 = 273.55.
MODE = BEGIN
INPUT 3 10 ? -100 0
KEY N I/Y PV PMT FV
CPT 273.55

Answer to Question 2

D


tnt_battle

  • Member
  • Posts: 556
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Many households today include young adults who have not moved out of their parents’ homes (or who ... Many households today include young adults who have not moved out of their parents’ homes (or who ...
The fuel injectors used on this Honda Civic GX CNG engine are designed to flow gaseous fuel instead ... The fuel injectors used on this Honda Civic GX CNG engine are designed to flow gaseous fuel instead ...
Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places Flail Chest Occurs When Three or More Adjacent Ribs Fracture in Two or More Places
Structural comparison of human blood vessels and the direction of blood flow through them Structural comparison of human blood vessels and the direction of blood flow through them
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library