Exam (elaborations)
FIN 221 Exam 1 QUESTIONS AND CORRECT ANSWERS
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FIN 221 Exam 1 QUESTIONS AND CORRECT ANSWERS When interest rate goes down the present value goes __? - ANSWER Up What is an ordinary annuity? - ANSWER a sequence of equal cash flows, occurring at the end of each period What is an annuity due? - ANSWER a sequence of periodic cash flows occu...
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