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

Author Question: Find the present value of a 5-year annuity due if the annual payments are 600 and the interest rate ... (Read 173 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jul 10, 2018
Find the present value of a 5-year annuity due if the annual payments are 600 and the interest rate is 11. How much larger is the present value of the annuity due than the present value of the ordinary 5-year annuity?
 
  A) 243.93
  B) 204.76
  C) 279.22
  D) 261.32
  E) 227.45

Question 2

Money-market funds
 
  A) are tax exempt.
  B) typically sell shares to the public in 25,000 denominations.
  C) typically invest in a diversified portfolio of short-term, high-grade debt instruments.
  D) are generally very profitable but fail to provide liquidity to the small investor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

C


lidoalex

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 10, 2018
Correct answers!


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jul 10, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
How to find the constant (C) after finding the anti-derivative How to find the constant (C) after finding the anti-derivative
How to find the domain of a function (Part 3) How to find the domain of a function (Part 3)
How to find the resultant vector in the first quadrant How to find the resultant vector in the first quadrant
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Find Δy + Δy/Δx, given: Find Δy + Δy/Δx, given:
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library