You have a chance to buy an annuity that pays $43,000 at the beginning of each year for 5 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
A. $197,263.61
B. $215,017.33
C. $185,427.79
D. $244,606.87
E. $209,099.42
Answer: A
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a. $51,125 b. $54,500 c. $1,125 d. $4,500
In the event that a firm goes bankrupt and is liquidated, who is paid off first, second, and third between workers, debt holders, and stockholders?
A. (1) debt holders; (2) workers; (3) stockholders B. (1) stockholders; (2) workers; (3) debt holders C. (1) workers; (2) debt holders; (3) stockholders D. (1) workers; (2) stockholders; (3) debt holders
Information flows through formal communication channels in three directions: downward, upward, and spiral
Indicate whether the statement is true or false
Which of the following is true of a corporation?? A) ?It is an artificial being, existing only in contemplation of law
B) ?Directors of a corporation as a group do not represent the corporation as agents. C) ?Stockholders perform all the administrative functions of the corporation. D) ?Stockholders directly control the day to day activities of a corporation.