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

Author Question: To determine the present value of a future amount, one should ________ the future cash flows. A) ... (Read 151 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jul 10, 2018
To determine the present value of a future amount, one should ________ the future cash flows.
 
  A) annuitize
  B) compound
  C) discount
  D) multiply

Question 2

Your grandparents leave on their dream vacation to Antarctica in two years. The cruise vacation will cost them 25,000. If they have already saved 23,500 and are investing it at a rate of 2.75 per year, will they have saved enough money for their trip?
 
  A) No, because they forgot to factor in long underwear expenses.
  B) Yes, to have enough money they would have already needed to save 23,375.
  C) Yes, to have enough money they would have already needed to save 23,680.
  D) No, to have enough money they would have already needed to save 23,680.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D
Explanation: D) PV = = = 23,679.71
MODE = END
INPUT 2 2.75 ? 0 -25,000
KEY N I/Y PV PMT FV
CPT 23,679.71


Zoey63294

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jul 10, 2018
Thank you


poopface

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jul 10, 2018
No problemo


« previous next »
 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
A multiport fuel injector. Notice that the fuel flows straight through and does not come in contact ... A multiport fuel injector. Notice that the fuel flows straight through and does not come in contact ...
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
Use a compound angle addition formula to determine an equivalent trig expression for cos(x + ... Use a compound angle addition formula to determine an equivalent trig expression for cos(x + ...
If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ... If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ...
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library