Homework Answers
Annuity: -
Only first point is correct in regards to Annuity. It is a series of equal payments made at regular intervals.
Annuity present value can be calculated by using discounting rate. For example, Annuity of $1000 per month for 5 month can be discounted with 10%. and the value will be: -
Month Annuity Discount rate @ 10%
Jan 1000 909.10
Feb 1000 826.44
Mar 1000 751.31
April 1000 683.01
May 1000 620.93
Present Value 3790.79
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Which of the following statements are true about an annuity? (select all that apply- i.e. just...
please select all that apply Which of the following statements are true about an annuity? (select...
please select all that apply
Which of the following statements are true about an annuity? (select all that apply - i.e. just one or as many as all of them) It is a series of equal payments made at regular intervals The present value can be calculated without using a time-value table, simply by adding up all the payments The payment amount can increase over time Payments must occur on an annual basis
Which of the following statements about annuities are true? Check all that apply. An annuity is...
Which of the following statements about annuities are true? Check all that apply. An annuity is a series of equal payments made at fixed intervals for a specified number of periods. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal...
Which of the following statements about annuities are true? Check all that apply. An annuity due...
Which of the following statements about annuities are true? Check all that apply. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity is a series of equal payments made at fixed intervals for a specified number of...
Which of the following statements about annuities are t rue ? Check all that apply A...
Which of the following statements about annuities are t rue ? Check all that apply A When equal payments are made at the end of each period for a certain time period, they are treated as ordinary annuities. B An ordinary annuity of equal time earns less interest than an annuity due. C When equal payments are made at the end of each period for a certain time period, they are treated as an annuity due. D A perpetuity is...
23. An ordinary annuity is best defined as: A) increasing payments paid for a definitive period o...
23. An ordinary annuity is best defined as: A) increasing payments paid for a definitive period of time. B) increasing payments paid forever C) equal payments paid at the end of regular intervals over a stated time period. D) equal payments paid at the beginning of regular intervals for a limited time period. E) equal payments that occur at set intervals for an unlimited period of time 24. A perpetuity is defined as: A) a limited number of equal payments...
34. Which of the following statements is CORRECT? a. The cash flows for an annuity due...
34. Which of the following statements is CORRECT? a. The cash flows for an annuity due must all occur at the beginning of the periods. b. If some cash flows occur at the beginning of the periods while others occur at the ends, then we have what the textbook defines as a variable annuity. c. The cash flows for an ordinary (or deferred) annuity all occur at the beginning of the periods. d. The cash flows for an annuity may...
Match the following terms with the description below. Annuity Compound interest [Choose ] ✓ A series...
Match the following terms with the description below. Annuity Compound interest [Choose ] ✓ A series of equal payments made over equal time periods. The amount of money that accumulates at some future date as a result of making equal payments over equal intervals of time and The amount of money that, if invested at some rate of interest today, will generate a set number of equal periodic payments that are made The process of adding interest to principal for...
Which one of the following best defines an annuity? a) A stream of decreasing payments occurring...
Which one of the following best defines an annuity? a) A stream of decreasing payments occurring at regular intervals for a fixed period of time b) A level stream of payments occurring at equal time intervals c) A series of equal payments occurring at random intervals over a fixed period of time d) A stream of increasing annual dividend payments over an infinite period of time e) A level stream of payments occurring at random intervals for an infinite period...
Which of the following statements are correct about closing entries? (select all that apply - i.e....
Which of the following statements are correct about closing entries? (select all that apply - i.e. just one or as many as all of them) The cash account is closed to retained earnings The account "deferred rent revenue" is usually debited They usually involve a temporary "cash summary" account The account "Accumulated depreciation" is usually credited The account "Cost of goods sold" is usually debited The account "sales revenue" is usually debited
Which of the following statements are true? Select all that apply A Basis spread is the...
Which of the following statements are true? Select all that apply A Basis spread is the rate differential added to the lower of two floating rates in a swap. B The present value of floating rate payments in a swap, at initiation, is always 1. C If you are paying a fixed interest rate and receiving a stock's return in a swap, and the stock's return is negative, you have to pay more than the interest payment to the other...
please select all that apply
Which of the following statements are true about an annuity? (select all that apply - i.e. just one or as many as all of them) It is a series of equal payments made at regular intervals The present value can be calculated without using a time-value table, simply by adding up all the payments The payment amount can increase over time Payments must occur on an annual basis
Which of the following statements about annuities are true? Check all that apply. An annuity is a series of equal payments made at fixed intervals for a specified number of periods. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal...
Which of the following statements about annuities are true? Check all that apply. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity is a series of equal payments made at fixed intervals for a specified number of...
23. An ordinary annuity is best defined as: A) increasing payments paid for a definitive period of time. B) increasing payments paid forever C) equal payments paid at the end of regular intervals over a stated time period. D) equal payments paid at the beginning of regular intervals for a limited time period. E) equal payments that occur at set intervals for an unlimited period of time 24. A perpetuity is defined as: A) a limited number of equal payments...
Match the following terms with the description below. Annuity Compound interest [Choose ] ✓ A series of equal payments made over equal time periods. The amount of money that accumulates at some future date as a result of making equal payments over equal intervals of time and The amount of money that, if invested at some rate of interest today, will generate a set number of equal periodic payments that are made The process of adding interest to principal for...
Which of the following statements are correct about closing entries? (select all that apply - i.e. just one or as many as all of them) The cash account is closed to retained earnings The account "deferred rent revenue" is usually debited They usually involve a temporary "cash summary" account The account "Accumulated depreciation" is usually credited The account "Cost of goods sold" is usually debited The account "sales revenue" is usually debited
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