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

Author Question: The present value of an ordinary annuity of 350 each year for five years, assuming an opportunity ... (Read 172 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jul 10, 2018
The present value of an ordinary annuity of 350 each year for five years, assuming an opportunity cost of 4 percent, is: (Round to the nearest whole dollar)
 
  A) 288
  B) 1,896
  C) 1,750
  D) 1,558

Question 2

In order to open up your new business you need to take out a loan. First Bank charges 6 compounded quarterly, and Second Bank charges 6.5 compounded semi-annually. From which bank would you prefer to obtain your loan?
 
  A) First Bank
  B) Second Bank
  C) Indifferent


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

A


awywial

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jul 10, 2018
Correct answers!


yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jul 10, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
CT imaging of glioblastoma in a 6-year-old girl. CT imaging of glioblastoma in a 6-year-old girl.
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
Present Value Formula: Amortization Schedule Present Value Formula: Amortization Schedule
Earth 240 Million Years Ago Earth 240 Million Years Ago
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library