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
Older adults may grieve intensely over the loss of a person or situation that has been a part of the
(a) The site of Zhoukoudian outside of Beijing, China, spans several hundred thousand years and (b)
A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago.
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
How to calculate regular payments or deposits using the annuity formula (Question 2)
Earth 430 Million Years Ago