Homework SourseThe future value of an annuity is 11rnr where r is the rate
The future value of an annuity is (1-(1+r)^n)/r where r is the rate of return and n is the number of periods true or false
In a cash budget ending cash cannot be negative true or false
If the minimum required cash is more than the ending cash a company must borrow money true or false
The future value of an annuity is (1-(1+r)^n)/r where r is the rate of return and n is the number of periods true or false
In a cash budget ending cash cannot be negative true or false
If the minimum required cash is more than the ending cash a company must borrow money true or false
In a cash budget ending cash cannot be negative true or false
If the minimum required cash is more than the ending cash a company must borrow money true or false
Solution
False (1+r)^n - 1 should be the numberator
Fasle It can be negative if the outflows exceed inflows
True
