Explain the concept of the present value of an annuity.

What will be an ideal response?


The present value of an annuity is the amount that can be invested now at the specified interest rate to yield a future series of equal periodic payments.

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The best practice formula for writing personal goals is from X to Y by Z. X represents the _____________ of the goal.

a. current level b. future level c. due date d. urgency level

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In a shipment contract the ________ bears the risk of loss of the goods during transportation.

A. seller B. buyer C. trucking company D. postal service

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Stanley works at a large electronics firm. He needs a new type of software and sends in a purchasing request. The request gets approved. Greg works as a purchasing agent and is in charge of selecting the suppliers and negotiating the terms of purchase. However, before he does so he consults with Marcus, an engineer who works in IT and is highly familiar with the latest software. In this case, Stanley is the ___________, Greg is the _______________, and Marcus is the _____________. 

A. decider; influencer; gatekeeper B. user; buyer; influencer C. influencer; buyer; user D. user; decider; gatekeeper E. decider; gatekeeper; influencer

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Under federal law, airline pilots must be tested for drug and alcohol use by their employers

a. True b. False Indicate whether the statement is true or false

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