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 323 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?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Habitat reconstruction is possible based on the kinds of plants present at past sites. Habitat reconstruction is possible based on the kinds of plants present at past sites.
Flowchart to determine if a species is autotroph, heterotroph, or a subtype Flowchart to determine if a species is autotroph, heterotroph, or a subtype
When the engine is cold, the coolant flows through the bypass. When the engine is cold, the coolant flows through the bypass.
An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ... An IAC controls idle speed by controlling the amount of air that passes around the throttle plate. ...
Superficial lymph drainage pathways or watersheds determine the direction of lymphatic facilitation ... Superficial lymph drainage pathways or watersheds determine the direction of lymphatic facilitation ...
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library