Samuel just inherited an annuity. He will receive six equal annual payments of $18,000, beginning today. Assuming a 10% interest rate compounded annually, the present value today of all receipts is

A) $64,886.
B) $78,395.
C) $86,234.
D) $75,058.


C

Business

You might also like to view...

Airlines have developed frequent-flyer programs to encourage passengers to use the same airlines repeatedly. These programs and other similar ones use ________ segmentation to target their markets

A) demographic B) behavioral C) geodemographic D) organizational E) generational

Business

Which of the following statements about manufacturing in a traditional environment is true?

A) Factories are organized so that machines that are dissimilar are grouped together. B) It is not desirable to accumulate raw materials inventory to serve as buffers in case of unexpected demand for products. C) The process begins with a customer order and products are "pulled" through the manufacturing process. D) Partially completed inventory is accumulated in a work in process inventory account.

Business

The interdependence that confronts global leaders results from

A. needing to depend on others to implement change plans. B. offshoring of personnel. C. increased levels of linkage, both within and outside the company. D. outsourcing of manufacturing. E. global logistics conditions.

Business

The ________ measure of distance between two points on a set of X and Y coordinates is the hypotenuse of a right triangle

Fill in the blank with correct word.

Business