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ioda
3 years ago
11

Which of the following is true for calculating the future value of multiple cash flows? a) You can only find the FV of multiple

cash flows if the payments occur with the same regularity. b) To find the FV of multiple cash flows, add the PV of each cash flow together and use the total in the formula for FV. c) It is simpler to find the FV of irregular cash flows than of annuities. d) You must choose the same point in the future for each individual cash flow to determine the FV of multiple investments.
Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

d

Explanation:

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Derek can deposit $279.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month.
algol13

Answer:

The rate that Bank B must pay Derek to have have the same amount in both accounts after 10 years is:

= 22.611%

Explanation:

a) Data and Calculations:

Monthly deposit in Bank A= $279

Period of deposit = 120 (10 * 12) months

Interest rate = 14% compounded monthly

Using an online finance calculator, the future value =

Sum of all periodic payments = $33,480.00

Total Interest =                           $38,800.23

Future value of funds =             $72,280.23

Annual deposit in Bank B = $2,447

Period of deposit = 10 years

Future value = $72, 280.23

Therefore, the Interest rate = 22.611%

8 0
3 years ago
Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you
Stels [109]

Answer:

Fear appeal.

Explanation:

In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.

A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.

7 0
3 years ago
If the inflation rate unexpectedly rises:_______.a. borrowers gain at the expense of lenders.b. lenders will gain at the expense
Alborosie

Answer:

a. borrowers gain at the expense of lenders

Explanation:

Inflation refers to the sustained increase of the price of a commodity over a period of time.

It can be caused due to increase in production cost or increased demand of a good or service.

The losers during inflation are the creditors because the money loaned out had more value or purchasing power compared to what is repaid. This is due to the fact the borrower will still owe the lender the same amount .

7 0
3 years ago
Read 2 more answers
During 2020, Sarasota Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sarasota for
vfiekz [6]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

Gross profit = Sales - Cost of goods sold

= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)

= (39,600 + 17,600 + 13,200) - (24,948 + 11,088 + 8,316)

= 70,400 - 44,352

= $26,048

Ending inventory schedule attached in the excel archive

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
What is approximate debt of the United States right now
Olenka [21]

Answer:

$27 trillion.

Explanation:

5 0
3 years ago
Read 2 more answers
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