# True false the correct answer is false the price of

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TrueFalseThe correct answer is false. The price of ZooCom (ZOO) stock was down \$0.56. The negative sign infront of the 0.56 represents a decrease in price.
Score: 1 of 1Kaitlyn hopes to attend a college where tuition is \$24,000 per year. She believes that tuition will increase at4% for the 3 years until she plans to enter college. Find the quarterly payments needed to accumulate funds
to pay the first yearâs tuition if funds earn 8% compounded quarterly.
Incorrect. Find the future value of the tuition. ;Use a rate of 4% per year and 3compounding periods in the table on page 402. ;The factor from the table is1.12486. ;Future Value = \$24,000 x 1.12486 = \$26,996.64 ;Find the interest rateper compounding period and the total number of compounding periods. ;8% / 4= 2% ;3 years x 4 periods = 12 ;The factor from the table for 2% and 12 is0.07456. ;Payment = Future Value x Factor from Table ;Payment = \$26,996.64x 0.07456 ;Payment = \$2,012.87\$1,597.20\$34.05Score: 0 of 22.Score: 0 of 1
3.The owner of aguitar companyplans to buy newmaterials for themanufacturing ofguitars in 3 years ata cost of \$25,000.She believes thatshe can earn 6%compoundedsemiannually. Findthe amount of eachof the semiannualpayments needed.
\$1,810\$3,865Correct!Thesinkingfund wasfirst usedin GreatBritain inthe 18thcentury toreducenationaldebt.Score: 2 of 21.To find the present value of an ordinary annuity, you multiply the payment by the factor from the annuitytable.TrueFalseThe correct answeris true. To find thepresent value of anannuity withperiodic paymentsat the end of eachperiod, you use thecompound interestformula. Youmultiply thepayment by thefactor from theannuity table.Present Value =Payment x Factorfrom TableScore: 1 of 1
2.Josianne has two different offers: (1) \$12,000 cash and (2) \$8,000 down and \$900 semiannually for 5years. Assuming 10% compounded semiannually, determine the better offer and find the differencebetween them.
Score: 0 of 23.Find the lump sum thatmust be set asidetoday to makequarterly payments of\$4,000 for 12 years,assuming 6%compounded quarterly.Then, find the interest
earned.The presentvalue is\$136,170.20.The interestearned onthis amountover 12 yearswould be\$55,829.80.Correct! Anordinaryannuity is aseries ofequalpaymentsmade at theend of eachperiod over afixed amountof time.The presentvalue is\$55,829.80.The interestearned onthis amountover 12 yearswould be\$136,170.20.The presentvalue is\$33,535.36.The interestearned onthis amountover 12 yearswould be\$55,829.80.The presentvalue is\$136,170.20.The interestearned onthis amount

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