Ibiza Corporation has been investing $20,000 for the last four years in an investment scheme that is maturing at the end of the current year. It will be receiving $120,000 at the time of maturity. The $120,000 received at maturity is referred to as _____.?
A. ?uneven cash flow
B. ?annuity due
C. ?ordinary annuity
D. ?deferred annuity
E. ?lump-sum amount
Answer: E
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Answer the following statement true (T) or false (F)
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A) appreciates; appreciates B) appreciates; depreciates C) depreciates; depreciates D) depreciates; appreciates
Maurina Barker is an agent of Southland, and she is authorized to sign checks on Southland's bank account. If Maurina signs a check as "Maurina Barker, as agent for Southland" she is not liable on the instrument.
Answer the following statement true (T) or false (F)