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Author Question: Assume that $100 is deposited at the end of each year for five years at 10% compound interest and ... (Read 37 times)

april 19

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on: Mar 29, 2022

Question 1

The standard deviation indicates the magnitude of dispersion around a mean, but not the direction.
◦ true
◦ false

Question 2

Assume that $100 is deposited at the end of each year for five years at 10% compound interest and that no withdrawals are made over the five-year period. Based on this data, which one of the following statements is correct?
◦ The future value will be $550.
◦ The present value can be determined by computing the present value of $500 in five years at 10%.
◦ The present value can be determined by computing the present value of a $100 ordinary annuity for five years at 10%.
◦ The present value will be $500.
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Marked as best answer by april 19 on Mar 29, 2022

KobyRhoads

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Reply #1 on: Mar 29, 2022
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april 19

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Reply 2 on: Mar 29, 2022
Wow, this really help

Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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