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

Author Question: Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table? (Read 55 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
on: Apr 12, 2019

Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table?


◦ Your brother buys your car and offers to pay you $500 now or $1,500 in two years.
◦ You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years.
◦ Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college 4 years hence.
◦ You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by KimWrice on Apr 12, 2019

annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Apr 12, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


KimWrice

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Apr 12, 2019
TY


annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Apr 12, 2019
You're welcome


« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Medication errors are three times higher among children and infants than with adults.

A portion of the periodic table of elements A portion of the periodic table of elements
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
Carrie Mae Weems, Untitled (Man Smoking/Malcolm X), from The Kitchen Table Series. Carrie Mae Weems, Untitled (Man Smoking/Malcolm X), from The Kitchen Table Series.
Who Makes The Decisions at Home? Who Makes The Decisions at Home?
How to calculate annuity when compounded semi-annually (Part 1) How to calculate annuity when compounded semi-annually (Part 1)
ANOVA Table ANOVA Table
Video: Sister chromatids of a metaphase chromosome animation

For a complete list of videos, visit our video library