Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?
A. 3.44%
B. 3.79%
C. 4.17%
D. 4.58%
E. 5.04%
Answer: A
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An asset created by prepayment of an insurance premium is:
A. Recorded as a credit to Unearned Revenue. B. Not recorded in the accounting records until the insurance period expires. C. Recorded as a debit to Prepaid Insurance. D. Recorded as a credit to Prepaid Insurance. E. Recorded as a debit to Unearned Revenue.
What was the basis of the court's decision in Nickel Developments Ltd. v. Canada Safeway Ltd.?
A) Nickel was in breach of contract because it was an express term that it would not lease to another supermarket in the shopping centre. B) Safeway was in breach of contract because it was an implied term, in order to meet the officious bystander test, that Safeway would continue to operate its supermarket in the shopping centre. C) Safeway was not in breach of contract because there was no express term in the lease requiring it to continue operating its store in the shopping centre, nor could such a term be implied. D) Safeway was in breach of contract because it was the custom in shopping centre leases that the anchor tenant will not abandon its business. E) Both B and D
Which of the following items will give you the greatest liquidity?
A) One year CD B) Savings account C) Checking account D) NOW account
Nike uses active sensors in high-value merchandise that send out telemetry data, tracking the package's traveling speed and conditions. Applying analytics to this data has the potential to largely reduce supply chain reaction times to avoid delays in shipments
Indicate whether the statement is true or false