The present value of an annuity that pays 100 each year ...

[cnetterville]

The present value of an annuity that pays 100 each year indefinitely (i.e., a perpetuity) is 2,000 if the interest rate is 5 percent.
 a. True
  b. False

Question 2

A drop in dollar price of British pounds means that
 a. fewer dollars are needed to buy British pounds
  b. more dollars are needed to buy British pounds
  c. the mark has appreciated
  d. the dollar has depreciated
  e. British goods are now more expensive to Americans

[zogaridan]

Answer to Question 1

A

Answer to Question 2

A

[cnetterville]

Thanks for the timely response, appreciate it

[ashely1112]

Excellent