A company wishes to make annual contributions into a fund intended to retire $400,000 in debt five years from now. The amount to contribute each year equals $400,000
a. divided by the appropriate future value of an ordinary annuity factor.
b. times the appropriate present value of an ordinary annuity factor.
c. times the appropriate future value of an ordinary annuity factor.
d. divided by the appropriate present value of an ordinary annuity factor.
A
You might also like to view...
. _________________________ are cash and other assets that are reasonably expected to be converted to cash during the normal operating cycle of the business
Fill in the blank(s) with correct word
The assumption that consumers are benefited whenever their preferences are satisfied in the market holds true under close scrutiny.
Answer the following statement true (T) or false (F)
If several people act as cosureties for a principal and one of them had paid the principal's debt, the cosurety who paid the debt has a claim against the other cosureties because of his or her right ________.
A. of strict foreclosure B. to reimbursement C. to contribution D. of subrogation
When a customer willingly gives a company sensitive information, such as a social security number, the company is not responsible for the security of this information.
Answer the following statement true (T) or false (F)