Annuities are unequal cash flows

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Reference no: EM132282775

True or? False: Annuities are unequal cash flows that go on for a finite period of time.

True or? False: We can determine which? “PMT” we’re being asked to solve for by noting what the problem provides in terms of r and n.

True or? False: "When given the annual withdrawals desired during the retirement? period, the FVA tells us the amount we should have accumulated by the time we begin the retirement period.

True or? False: Given the amount needed at the beginning of the retirement? period, the annual deposits needed during the working period can be found by solving for? “PMT” in the FVA formula.

True or? False: “PMT" in the PVA formula tells us the periodic mortgage payments for a? fixed-rate fully amortized loan.

True or? False: The principal part of a fixed mortgage loan payment can be found by multiplying the periodic interest rate by the ending balance for a given period.

True or? False: For? fixed-rate fully amortized mortgage? loans, more of the fixed payment goes towards principal as we approach the end of the loan term.

True or? False: We can find the amount needed to pay off a? fixed-rate fully amortized mortgage loan at any point in time by solving for the PV of the remaining payments.

Present value. A? smooth-talking used-car salesman who smiles considerably is offering you a great deal on a? "pre-owned" car. He? says, "For only 77 annual payments of $2,8002,800?, this beautiful 1998 Honda Civic can be? yours." If you can borrow money at 88?%, what is the price of this? car? Assume the payment is made at the end of each year.

Reference no: EM132282775

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