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 160 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?

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 term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

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.

Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Checklist of Developmental Skills: Birth to 5 years Cont. Checklist of Developmental Skills: Birth to 5 years Cont.
Reconstructed West Front of the Altar from Pergamon (In Present-day Turkey) Reconstructed West Front of the Altar from Pergamon (In Present-day Turkey)
Literacy Development in the Early Years: Helping Children Read and Write Literacy Development in the Early Years: Helping Children Read and Write
Patients Older than 60 Years of Age Patients Older than 60 Years of Age
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library