Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all questions or don't answer at all. thank you account at your local thank. Which ooc of the folfowing terms refors to the
Please answer all questions or don't answer at all. thank you
account at your local thank. Which ooc of the folfowing terms refors to the valae of thas investment one year frata nore? A. future value B. pecsent value C. principal amocints D. discounied value 2. Shelley won a fottery and will receive 31.000 a year for the nest ten yean. The value of her winnings lodiny discounted at her discount rate as callod which one of the Sollowing? A sangle amount B. future value C. present valae D. simple amounf 3. The process of determinaing the pecsen value of future cash flows in efder to knom there werth boday is called which one of the following? A. conripound interest valuation B. interest on imerest computation C. discounted cash flos valuatica D. present value inserest factoring 4. What is the future value of 56.200 invested for 23 ycars at 9.25 percent compoutudal annally? A. $22,483,69 B. $27,890.87 C. 538,991.07 D. $47,433,47 5. Today, you earn a salary of 536,000 . What will be youz ansnaal salary tuclve years froen now if you eare aenual raises of 3.6 pereent? A, 555,032.54 B. 557.414.96 K. 548,235,24 D. 569,122.086 6. Your father investod a lume vam 26 ycars ago at 4.25 perecm inicrest. Today, he grie yoo the procecds of that investment which lotaled 551,450.7%. How mact dial your tather oreinally inves? A. 513,979,47 B. $16.500.00 C. 517,444.86 1). 517.500.00 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started