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andriy [413]
2 years ago
13

When discussing time-value-of-money it is necessary to understand some key terminology. Which of the following terms refers to a

fixed amount of money paid or received at the end of every period (i.e. a series of equal lump sums)?
A. Future value
B. Present value
C. Ordinary annuity
D. Annuity due
Business
1 answer:
Elanso [62]2 years ago
5 0

Answer:

C. Ordinary annuity

Explanation:

The ordinary annuity is the sequence amount of an equivalent lump sum containing a fixed amount of money to be paid or earned at the end of each term. Periods here can be in weekly, monthly, semi-annual or semi-annual, or annual. The number should be the present value

Thus, the appropriate choice is c.

Therefore, all the remaining options are wrong

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A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
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Answer:

32

Explanation:

First bounce = 13 / 14 × 10 = 130 /14

using geometric progression where the common ratio = 13/14, the first bound = 130/14

ar^n-1 < 1

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130 /14 × 13/14^(n-1) < 1

(13/14)^n-1 < 1÷ (130/14)

(13/14)^n-1 < 14 / 130

take log of both side

log (13 /14)^n-1 < log ( 14/130)

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since log (13/14) negative

n-1 > (log( 14/130)) ÷ ( log (13/14)

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Answer:

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Explanation:

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solution

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so that Shuster is entitle to the withdraw an contract

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