What is the present value (PV) of an investment that will pay $500 in one year's time, and $500 every year after that, when the interest rate is 10%?
A) $2500
B) $4000
C) $3000
D) $5000
Answer: D
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Which the following is not a reason for a public company to receive an audit?
a. Potential bias in providing information. b. Closeness between a user and the organization. c. Complexity of the processing systems. d. Remoteness between a user and the organization.
E-business presents unique pressures and opportunities for fraud including:
a. proven business models that generate cash flows. b. extensive personal contact which increases customer satisfaction with the purchase. c. heightened privacy due to the ability to conduct business from home or office. d. lack of "brick-and-mortar" and other physical facilities.
The executives of Jornaginn Corporation have decided they need to sell 50,000 additional shares of stock to finance their expansion plans. The executives:
a. cannot sell that many shares unless they were authorized initially in the corporate charter. b. can sell as many shares as the market will bear. c. are limited by the number of shares authorized in the corporate charter, but this number can be increased by amending the charter and paying a fee. d. can sell the shares only if the shares have a par value which is close to the current market price.
Enterprise systems include analytical tools
Indicate whether the statement is true or false