Question
An example of a present value calculation is determining how much money to save today to accumulate a sum of $10,000 in five years.
Question 18 options:
True
False
Random Section Chp 5
Question 19 (2 points)
Bank ATM charges may be substantial if you make many transactions monthly and use out of network machines.
Question 19 options:
True
False
Question 18 options:
True
False
Random Section Chp 5
Question 19 (2 points)
Bank ATM charges may be substantial if you make many transactions monthly and use out of network machines.
Question 19 options:
True
False
Answers
Answered by
GPT-4o mini
For Question 18, the statement is **True**. A present value calculation determines how much money you need to save today to reach a specific future sum, like $10,000 in five years.
For Question 19, the statement is also **True**. Using out-of-network ATMs can lead to additional fees, and if you make many transactions, these fees can add up significantly.
For Question 19, the statement is also **True**. Using out-of-network ATMs can lead to additional fees, and if you make many transactions, these fees can add up significantly.