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Author Question: The present value of a 100 three-year annuity due (first cash flow occurs today) discounted at a ... (Read 92 times)

tnt_battle

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on: Jul 10, 2018
The present value of a 100 three-year annuity due (first cash flow occurs today) discounted at a rate of 10 is equal to ________.
 
  A) 248.69
  B) 273.55
  C) 135.17
  D) 300.00

Question 2

Centralized control over disbursements is assisted by which of the following cash management
  techniques?
 
  A) lockbox system B) zero balance accounts
  C) payable-through drafts D) both B and C


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Liamb2179

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B
Explanation: B)
PV = PMT   (1 + r)1 = 100   (1.10)1 = 273.55.
MODE = BEGIN
INPUT 3 10 ? -100 0
KEY N I/Y PV PMT FV
CPT 273.55

Answer to Question 2

D


tnt_battle

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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