Question
Q1: If the discount interest rate is 8%, the future value of a stream of cash flows of $500 deposited into an account at the
Q1:
If the discount interest rate is 8%, the future value of a stream of cash flows of $500 deposited into an account at the end of each of the next 40 years, is closest to?
a. $23
b. $5,962
c. $6,439
d. $20,000
e. $129,528
Q2:
If the discount interest rate is 8%, the present value of a stream of cash flows of $500 paid at the beginning of each of the next 40 years, is closest to?
a. $23
b. $5,962
c. $6,439
d. $20,000
e. $129,528
Q3:
If the discount interest rate is 8%, the present value of a stream of cash flows of $500 paid at the end of each year for the next 40 years, is closest to?
Select one:
a. $23
b. $5,962
c. $6,439
d. $20,0000
e. $129,528
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