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 305 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?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

An orange-red biohazard symbol indicates that bloodborne pathogens may be present, and items should ... An orange-red biohazard symbol indicates that bloodborne pathogens may be present, and items should ...
Air flows through the PCV valve during acceleration and when the engine is under a heavy load. Air flows through the PCV valve during acceleration and when the engine is under a heavy load.
Colorimetric multiplex assay to determine anti-HLA antibodies in a patient's serum. Colorimetric multiplex assay to determine anti-HLA antibodies in a patient's serum.
Algebraically determine the general solution, in degrees, of the equation below. Algebraically determine the general solution, in degrees, of the equation below.
Sketch the graph using the tables providing. Determine if each function is continuous or ... Sketch the graph using the tables providing. Determine if each function is continuous or ...
Determine the mass of a nonvolatile, nonionizing compound that must be added to 4.76 kg of ... Determine the mass of a nonvolatile, nonionizing compound that must be added to 4.76 kg of ...
Video: Knee Animation

For a complete list of videos, visit our video library