Using the present value tables, solve the following problems.
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Required:
1) What is the present value of a $100,000 loan issued on January 1, 2016, due on January 1, 2021, discounted at 14% compounded annually?
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2) What is the present value of a $100,000 loan issued on January 1, 2016, due on July 1, 2021 discounted at 16% compounded quarterly?
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3) What is the amount of the present value discount on $25,000 due at the end of seven years at 9% compounded annually?
What will be an ideal response?
?PV = $51,937
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2)
?PV = $42,196
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3)
Present value discount = Future value - Present value
= $ 11,324
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Complete the sentence: On an annual basis the first set of expenses is ____ % of the second set of expenses.Elena spends $4 per day on a coffee at the neighborhood cafe and $360 per month on food.
A. 5% B. 8% C. 34% D. 406%
Use the compound interest formula for continuous compounding to determine the accumulated balance after the stated period. A $44,956 deposit in an account with an APR of 3.6% compounded continuously for 10 years.
A. $62,790.94 B. $64,030.25 C. $64,436.76 D. $64,333.07
Express the product as a sum containing only sines or cosines.cos (5?) cos (4?)
A. 
[cos (9?) - cos ?]
B. 
[ cos ? + cos (9?)]
C. 
[cos (9?) - sin ?]
D. cos2 (20?2)
Establish the identity.csc 
= sec u
What will be an ideal response?