A local brokerage firm is offering a zero-coupon certificate of deposit for $10,000. At maturity, three years from now, the investor will receive $14,000. What is the rate of return on this investment?
A) 14 percent
B) 13 percent
C) 12 percent
D) 11 percent
C) 12 percent
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A company's property records revealed the following information about one of its plant assets:CostSalvage ValuePurchase DateEstimated LifeDepreciation Method$450,000$30,00010/017 yearsStraight-lineCalculate the depreciation expense for the asset in Year 1 and Year 2 for the year ended December 31. Year 1________ Year 2 ________
What will be an ideal response?
Each of the following is a feature of internal control except
A) management planning. B) periodic independent verification. C) limited access to assets. D) authorization of transactions.
When you provide credit information about another person, you have an ethical and legal obligation to
a. yourself. b. the credit applicant. c. the business from whom credit is requested. d. all of the above.
For each of the following amounts paid by a purchaser, determine whether the amount is debited to Land, Land Improvements, or Building
Transaction Account Debited Building permits Cost of clearing land and removing unwanted buildings Parking lot lighting Delinquent property taxes Cost to renovate a building to make it ready for use Taxes assessed to transfer ownership (title) of land What will be an ideal response