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

Author Question: Suppose the present value of a 2-year ordinary annuity is 100. If the discount rate is 10, what must ... (Read 96 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jul 10, 2018
Suppose the present value of a 2-year ordinary annuity is 100. If the discount rate is 10, what must be the annual cash flow?
 
  A) 65.45
  B) 82.64
  C) 57.62
  D) 53.78
  E) 79.22

Question 2

Most consumer loans payments are monthly.
 
  Indicate whether the statement is true or false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

angrybirds13579

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

Answer: TRUE


NClaborn

  • Member
  • Posts: 560
Reply 2 on: Jul 10, 2018
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ... Mishu wants to invest an inheritance of $20,000 for one year. His credit union offers 8.85% for ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Uterine (menstrual) cycle - phases

For a complete list of videos, visit our video library