5. Which of the following statements is true about annuity? A. It is a series of payments of equal amount but made not of equal interval of time. B. It is a series of payments of unequal amounts, though made at an equal interval of time. C. It is a series of payments of equal amount made at an equal interval of time. D. None of the above
5. Which of the following statements is true about annuity? A. It is a series of payments of equal amount but made not of equal interval of time. B. It is a series of payments of unequal amounts, though made at an equal interval of time. C. It is a series of payments of equal amount made at an equal interval of time. D. None of the above
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
If you have PhP5,000.00, which of the following investment alternatives would provide the greatest
ending wealth for your one-year investment?
A. 72/100
percent simple interest
B. 7/10
percent compounded annually
C. 7/10
percent compounded semi-annually
D. 7/10
percent compounded quarterly
5. Which of the following statements is true about
A. It is a series of payments of equal amount but made not of equal interval of
time.
B. It is a series of payments of unequal amounts, though made at an equal
interval of time.
C. It is a series of payments of equal amount made at an equal interval of time.
D. None of the above
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