Chat with AIExam 19: compound Interest and the Concept of Present Value
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You desire to invest $3,000 at the end of each year for the next five years to accumulate the funds needed for a down payment on a home.Which table factor(s)should be used to most efficiently determine the amount accumulated by the end of the five-year period?
(Multiple Choice)
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(33) The time value of money and present value are important business concepts.
Required:
Differentiate between the concepts discounting and compounding.
(Essay)
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(49) Green Company owes White Company money for the purchase of equipment.White has given Green the following payment options:
I.Immediate payment in full of $38,000.
II.Annual payments of $15,000 made at the end of each of the next three years.
III.A single payment of $48,000 made at the end of three years.
Green uses a 10% annual compound interest rate and will choose the option with the lowest present value.Which option should Green choose,and what is the present value of that option?
(Multiple Choice)
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(37) How much money must be invested today in order to have $25,000 at the end of four years if the rate of return is 12% compounded annually?
(Multiple Choice)
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