All of the following are conditions for an ordinary annuity due except
A) ?periodic cash flows must be equal in amount.
B) ?the time periods between the cash flows are the same length.
C) ?the future value is equal to the present value.
D) ?interest is compounded at the end of each time period.
C
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Which of the following statements regarding bonds payable is true?
a. Generally, bonds are issued in denominations of $100. b. When an issuing company's bonds are traded in the "secondary" market, the company will receive part of the proceeds when the bonds are sold from the first purchaser to the second purchaser. c. A debenture bond is backed by specific assets of the issuing company. d. Most bonds are term bonds, meaning that the entire principal amount will mature on a single date.
Government stability is a characteristic of a government that
A. maintains authoritarian rule over an extended period of time. B. maintains predictability in fiscal, monetary, and political policies. C. readily shifts alliances to maintain power. D. makes sudden radical policy changes.
An annual rate of 4% is applied as a semiannual rate of 1%.
Answer the following statement true (T) or false (F)
The director of a professional organization who asks for a report on developing an online newsletter for members may request a justification report to support the recommended decision
Indicate whether the statement is true or false