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Author Question: How much would you have to deposit today in a bank account paying 8% annual interest to allow you to ... (Read 69 times)

fungirl

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on: Oct 12, 2022

Question 1

A lottery winner receives a $100 000 cheque now, and a second one in two years. If the annual interest rate is 9%, the present value of his total winnings is
◦ $300 000.
◦ $184 168.
◦ $200 000.
◦ $215 832.
◦ Not able to determine from the information provided.

Question 2

How much would you have to deposit today in a bank account paying 8% annual interest to allow you to withdraw $200 one year from now?
◦ $216.00.
◦ $160.00.
◦ $385.19.
◦ $200.00.
◦ $185.19.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by fungirl on Oct 12, 2022

lhn821

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fungirl

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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