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

Author Question: How much would you have to deposit today in a bank account paying 8% annual interest to allow you to ... (Read 51 times)

fungirl

  • Full Member
  • ***
  • Posts: 162
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fungirl on Oct 12, 2022

lhn821

  • Full Member
  • ***
  • Posts: 168
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.
Answer Preview
Only 55% of students answer this correctly


fungirl

  • Member
  • Posts: 162
Reply 2 on: Oct 12, 2022
Wow, this really help

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Annual Water Use in the United States Annual Water Use in the United States
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
How to calculate compound interest (Part 2) How to calculate compound interest (Part 2)
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Countries where malaria is prevalent today are located in the warm tropics and subtropics Countries where malaria is prevalent today are located in the warm tropics and subtropics
Icant keep calm, today is my due date Icant keep calm, today is my due date
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library