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 72 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
Excellent

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Bow shock formed by the magnetosphere of LL Orionis (center) as it collides with the Orion Nebula fl Bow shock formed by the magnetosphere of LL Orionis (center) as it collides with the Orion Nebula fl
Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg Erythroblastosis fetalis. (a) The condition occurs with an RH+ father and RH– mother. (b) First preg
Blood Flow through the Heart Blood Flow through the Heart
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Flow aloft and cyclone migration Flow aloft and cyclone migration
El Niño/La Niña reverses flow El Niño/La Niña reverses flow
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library