You would like to deposit a sum of money today that would enable you to withdraw $2,000 a year for ten years. If the interest paid on the amount deposited is 10% compounded annually and if the first withdrawal is made one year from today, the formula you would use to determine the amount of the initial deposit is the
A. present value of a deferred annuity.
B. present value of an annuity due.
C. present value of an ordinary annuity.
D. future value of an ordinary annuity.
Answer: C
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For the given principal, interest rate, and time period, determine the amount of interest that would be earned in an account paying simple interest. Also determine the amount of interest that would be earned in an account paying compound interest with interest compounded annually. Determine how much more interest would be earned in the account paying compound interest. Round to the nearest cent.Principal: $6865 Rate: 2% Years: 17
A. $4944.46 B. $7278.56 C. $413.56 D. $362.37
Decide whether the statement makes sense. Explain your reasoning.I will be retiring soon so I need low-risk investments. I'm going to put most of my money into bonds. The return may not be as high as for stocks but as least there is no chance of losing any of the principal.
What will be an ideal response?
Which perspective contends that people have a natural capacity to control their behavior?
A. behavioral B. social-cognitive C. cognitive neuroscience D. humanistic
Which of Bronfenbrenner's bioecological levels provides the connections between the various aspects of a person's life?
A. exosystem B. mesosystem C. microsystem D. macrosystem