a. The periodic interest rate is greater than 3%.
b. The periodic rate is less than 3%.
c. The present value would be greater if the lump sum were discounted back for more periods.
d. The present value of the $1,000 would be smaller if interest were compounded monthly rather than semiannually.
e. The PV of the $1,000 lump sum has a higher present value than the PV of a 3-year, $333.33 ordinary annuity.
Recently Asked Questions
- Please be very detailed and show all the steps in completing this problem. I don't quite understand it. Thanks in advance
- All work will be placed through the plagiarism checker... please use original work. I will deny solution if it is not answered correctly. Please complete the
- hello dear tutors, please help me out in this chemistry question...its urgent!!! A 0.115 M solution of a weak acid (HA) has a PH of 3.33. Calculate the acid