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What factor should use for a note receivable

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Reference no: EM132813418

Problem 1: What factor should you use for a ?1,000 note receivable that is collectible in five annual installments of ?200 starting one year hence?

a. Present value of 1

b. Present value of an ordinary annuity of 1

c. Present value of an annuity due of 1

d. Any of these

Problem 2: What factor should you use for a ?2,000 note receivable that is collectible in full after five years?

a. Present value of 1

b. Present value of an ordinary annuity of 1

c. Present value of an annuity due of 1

d. Any of these

Problem 3: Which of the following results to the smallest value?

a. Present value of an annuity due of 1 @12%, n=5

b. Present value of an ordinary annuity of 1 @12%, n=5

c. Present value of 1 @12%, n=5

d. Present value of 1 @14%, n=5

Reference no: EM132813418

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