Match the diagrams with the concepts by writing the identifying letter of the diagram on the blank line to the left of the concept. "VAL" represents the value to be calculated.
Concept ___1.
Future value of $1 ___2.
Present value of $1 ___3.
Future value of an annuity due of $1 ___4.
Future value of an ordinary annuity of $1 ___5.
Present value of an ordinary annuity of $1 ___6.
Present value of an annuity due of $1
What will be an ideal response?
| 1. | E |
| 2. | A |
| 3. | F |
| 4. | D |
| 5. | B |
| 6. | C |
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On April 1, 2016, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not due until April 1, 2018. Assuming interest at a 12% annual rate, Meyers should debit Machinery on April 1, 2016, in the amount of
A. $70,000. B. $62,500. C. $61,600. D. $55,804.
Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest is compounded annually.$10,000 is invested at an APR of 2.4% for 18 years.
A. $14,320.00 B. $14,965.78 C. $15,324.96 D. $14,080.00
Solve the problem.One side of a rectangle is 12 inches and the other side is x inches. What values of x will make the perimeter at least 54?
A. x ? 15 B. x < 15 C. 0 < x ? 15 D. x ? 15
?The future value of an ordinary annuity is higher if the discount rate is higher.
Answer the following statement true (T) or false (F)