Author Question: The present value of an ordinary annuity of 2,350 each year for 8 years, assuming an opportunity ... (Read 81 times)

joe

  • Hero Member
  • *****
  • Posts: 627
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

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

For a complete list of videos, visit our video library