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shepherd shepherd
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8 years ago
Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table?
A) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college 4 years hence
B) You win a lawsuit and are offered a lump sum payment today of $100,000 or $15,000 a year for 20 years
C) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday
D) Your brother buys your car and offers to pay you $500 now or $1,500 in two years
Textbook 
Personal Finance

Personal Finance


Edition: 5th
Author:
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
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#3
8 years ago
Let me know if you need anymore help
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#4
6 years ago
Quote from: shepherd (8 years ago)
Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table?
A) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college 4 years hence
B) You win a lawsuit and are offered a lump sum payment today of $100,000 or $15,000 a year for 20 years
C) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday
D) Your brother buys your car and offers to pay you $500 now or $1,500 in two years
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