A table factor of .7513 from a present value table means that if $.75 is invested at a certain rate of interest for a certain number of periods, it would be worth $1 in the past.
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Q21: $100,000 for 20 years compounded at 4%
Q24: Effective rate (APY)is:
A)Never related to compound table
B)Interest
Q25: Present value does not:
A)Know future amount
B)Know the
Q26: Compounding interest daily is seldom used in
Q28: The rate used in the table for
Q31: $20,000 for 14 years compounded at 8%
Q32: The effective rate (APY)is:
A)The nominal rate
B)The stated
Q34: Compounding:
A)Calculates interest periodically
B)Looks into the present when
Q36: In the table of present value of
Q40: Present value starts with the future and
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