Multiple Choice
The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate.By approximately how much would the value change if these were annuities due?
A) An increase of $10
B) An increase of $61
C) An increase of $100
D) Unknown without knowing number of payments
Correct Answer:
Verified
Correct Answer:
Verified
Q33: What is the difference between real and
Q53: What happens over time to the real
Q91: Compound interest pays interest for each time
Q108: Prizes are often not "worth" as much
Q109: What is the present value of a
Q110: A loan officer states,"Thousands of dollars can
Q111: After reading the fine print in your
Q112: A furniture store is offering free credit
Q113: In 1973 Gordon Moore,one of Intel's founders,predicted
Q114: If the future value of an annuity