Narrative 11-2 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest
hundredth of a percent) Suppose you wish to have $5,500 in 18 years. Use the present value formula to find how much you should invest now at 6% interest, compounded annually in order to have $5,500, 18 years from now.
$1,926.87
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A) zero-coupon bond B) junk bond C) floating rate bond D) income bond
The prepayment privilege allows the borrower to make early cash payments toward the principal balance on their loan
Indicate whether this statement is true or false.
Which of the following is not true, under UCC Article 2, about a merchant's firm offer:
a. requires a signed writing by the offeror that the offer will remain open for a given period b. it must be open to all members of the public c. stays open for a time not to exceed 3 months, if no other period of time is stated in the offer d. does not require consideration to be irrevocable e. is irrevocable if stated in writing that it remains open for a given time
If a company is found guilty of violating the Foreign Corrupt Practices Act, it may face:
a. fines of up to $2 million per violation b. fines of up to $100,000 for its managers or officers and prison time c. fines of up to $10,000 for its managers d. fines of up to $2 million per violation plus fines of up to $100,000 for its managers and prison time e. fines of up to $2 million per violation plus fines of up to $10,000 for its managers