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Author Question: At an inflation rate of 9 percent, the purchasing power of 1 would be cut in half in 8.04 years. How ... (Read 84 times)

jace

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At an inflation rate of 9 percent, the purchasing power of 1 would be cut in half in 8.04 years. How long to the nearest year would it take the purchasing power of 1 to be cut in half if the inflation rate were only 4 percent?

Question 2

Given a positive interest rate and a positive cash flow, an ordinary annuity always has a greater present value than an annuity due of the same size and number of cash flows.
 
  Indicate whether the statement is true or false.



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akpaschal

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Answer to Question 1

Thanks for your help Worked like a charm.

Answer to Question 2

Answer: FALSE
Explanation: The annuity due is always greater.




jace

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Reply 2 on: Jul 10, 2018
Wow, this really help


meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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