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Author Question: The present value of an ordinary annuity of 2,350 each year for 8 years, assuming an opportunity ... (Read 68 times)

joe

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on: Jul 10, 2018
The present value of an ordinary annuity of 2,350 each year for 8 years, assuming an opportunity cost of 11 percent, is: (Round to the nearest whole dollar.)
 
  A) 1,020
  B) 27,869
  C) 18,800
  D) 12,093

Question 2

The table shows a series of deposits at different dates into a savings account. If the account pays 10.5 interest (compounded annually), what is their future value at year 6?
  Year Cash Flow
  1 35,000
  2 7,000
  3 13,000
  4 15,000
  5 5,000
 
  A) 109,477.35
  B) 99,074.53
  C) 75,000.00
  D) 107,569.55
  E) 97,790.50


kishoreddi

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

A


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