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Author Question: To determine the present value of a future amount, one should ________ the future cash flows. A) ... (Read 166 times)

Zoey63294

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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.


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poopface

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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

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Reply #2 on: Jul 10, 2018
Thank you


poopface

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Reply #3 on: Jul 10, 2018
No problemo


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