Question 1

Ordinary annuity payments are made:

Accepted Answer

A) At the end of the period 
B) Yearly 
C) Monthly 
D) At the beginning of the period 
E) None of these 
A) At the end of the period 
B) Yearly 
C) Monthly 
D) At the beginning of the period 
E) None of these

Question 2

Annuity due payments are made:

Accepted Answer

A) Monthly 
B) At the beginning of the period 
C) Yearly 
D) At the end of the period 
E) None of these 
A) Monthly 
B) At the beginning of the period 
C) Yearly 
D) At the end of the period 
E) None of these

Question 3

All annuities due are based on a semiannual payment.

Accepted Answer

A) True 
 B)False

Question 4

Payments in annuities must be made:

Accepted Answer

A) Daily 
B) Quarterly 
C) Semiannually 
D) Yearly 
E) None of these 
A) Daily 
B) Quarterly 
C) Semiannually 
D) Yearly 
E) None of these

Question 5

Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years?

Accepted Answer

A) $11,051.00 
B) $8,260.20 
C) $8,260.00 
D) $9,051.20 
E) None of these 
A) $11,051.00 
B) $8,260.20 
C) $8,260.00 
D) $9,051.20 
E) None of these

Ordinary annuity payments are made:

Annuity due payments are made:

All annuities due are based on a semiannual payment.

Payments in annuities must be made:

Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years?

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Appreciation

Inventory and Overhead

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Life, Fire and Auto Insurance

Stocks, Bonds and Mutual Funds

Business Statistics

Filters

Exam 13: Annuities and Sinking Funds

Ordinary annuity payments are made:

Annuity due payments are made:

All annuities due are based on a semiannual payment.

Payments in annuities must be made:

Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the value of Connie's account in four years?

Whole Number: How to Dissect and Solve Word Problems

Fractions

Decimals

Banking

Solving for the Unknown: a How to Approach to Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Payroll

Simple Interest

Promissory Notes, Simple Discount Notes and the Discount Process

Compound Interest and Present Value

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Appreciation

Inventory and Overhead

Sales Excise and Property Taxes

Life, Fire and Auto Insurance

Stocks, Bonds and Mutual Funds

Business Statistics

Filters