The future value of an annuity is (1-(1+r)^n)/r where r is the rate of return an

Question

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

Explanation / Answer

False (1+r)^n - 1 should be the numberator

Fasle It can be negative if the outflows exceed inflows

True

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