Stéphanie visited a financial institution and signed a 10-year, non-interest-bearing promissory note for $6000. She intends to give this to her son William, to partly fund his education. Due to unforeseen circumstances, the note is purchased after only 25 months at 2.15% compounded quarterly. In order to find the selling price of the note (i.e. the proceeds), which variable is to be calculated? a.PV of the 10-year note b.IY of the 10-year note c.FV of the 10-year note d.PMT of the 10-year note

Dr. Sisters has been secretly depositing $2,300 in her savings account every December starting in 2001. Her account earns 10 percent compounded annually. How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use Appendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Future value CI

Russell bought a new hot tub today from Situation Hot Tubs. What is the present value of the cash flows associated with this transaction if the discount rate is 5.70 percent, he will receive a rebate of $527.00 from Situation Hot Tubs in 1 year, and he will pay $3,973.00 to Situation Hot Tubs in 4 years? Note: the correct answer is less than zero. $-2684.29(plus or minus 10$) $-3681.45(plus or minus 10$) $-2760.68(plus or minus 10$) $-2655.87(plus or minus 10$) None of the above has plus or minus $10 to correct answer