What is the present value of $3,500 received 3 years from today if the prevailing interest rate is 6.10%?
A) $2,732.98
B) $2,930.37
C) $3,625.14
D) $4,192.20
B
Explanation: B) PV = FV/(1+r)^n = $3,500/((1.0610 )^3 ) = $2,930.37.
You might also like to view...
A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500 of the shares at $20 . What is the amount of revenue realized from the sale?
a. $0 b. $5,000 c. $2,500 d. $10,000
Providing extra amenities to differentiate and support high-priced products is referred to as ________ pricing
A) high-low B) value-added C) target return D) everyday low E) cost-plus
Which of the following is true regarding the Emerging Issues Task Force (EITF)?
a. It has formal authority to establish GAAP. b. Members of this group consist of CEOs of six major corporations and the chief accountant of the SEC. c. It is concerned with highly technical issues, such as financial instruments, which may affect firms in virtually every industry. d. All of the above
The opening of a blog should A) identify a need and propose to solve the problem
B) include a call to action. C) provide examples, quotations and testimonials, or statistics. D) include your name and title.