The formula to calculate the present value of an ordinary annuity is: 
Answer the following statement true (T) or false (F)
True
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All of the following are conditions for an ordinary annuity except
A. periodic cash flows must be equal in amount B. the time periods between the cash flows are the same length C. the interest rate is constant for each time period D. interest is compounded in the middle of each time period
Solve the problem.
Suppose you invest $4000 in this fund today. How many shares will you buy? Round to three decimal places.
A. 3044.000 shares B. 1902.500 shares C. 525.624 shares D. 52.562 shares
Solve the problem.You need a $89,515 loan. Compute the monthly payment for each of the loan options listed below. Assume that the loans are fixed rate.Option 1: a 30 year-loan at an APR of 8%Option 2: a 15-year loan at 7.5%
A. Option 1: $656.83 Option 2: $829.82 B. Option 1: $669.00 Option 2: $865.08 C. Option 1: $648.70 Option 2: $806.28 D. Option 1: $666.36 Option 2: $856.42
Which perspective specifically focuses on the relationship between individuals and their physical, cognitive, personality, and social worlds?
A. humanistic B. contextual C. cognitive D. behavioral