Multiple Choice
The above table shows a 5 year payment plan. Each payment is made at the end of the year, so after one year, a payment of $ made, after two years another payment of $1,500 is made and so on. The interest rate is 3 percent.
-Refer to the table above. What is the value of A plus B plus C (A + B +C) or the present value of the first three payments?
A) $4,100.50
B) $4,426.89
C) $3,998.12
D) $4,215.05
Correct Answer:

Verified
Correct Answer:
Verified
Q54: If the salvage value is positive the
Q55: Economists consider economic depreciation to be the_
Q56: The annuity factor_ by the amount of
Q57: Financing an investment with debt _the net
Q58: If the net present value is positive,
Q60: The greater the interest rate, the_ _
Q61: If the present value of an individual's
Q62: Suppose a manager is deciding whether or
Q63: Fresh Flour makes baking flour and sells
Q64: Suppose a manager is deciding whether or