Zachary has purchased an investment that he expects to produce income of $3,000 at the end of the first year and $4,000 at the end of the second year
If he requires an 8% rate of return compounded annually, what is the maximum amount that he can pay and still earn the required rate of return?
What will be an ideal response?
Answer: $3,000/(1.08)1 + $4,000/(1.08)2 = $6,207.13
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The chief executive officer (CEO) of a nonprofit organization is preparing a data information system to monitor if organizational programs are meeting the established goal. The CEO is controlling his organization’s performance through the use of ______ measures.
A. input B. impact C. mimetic D. outcome
The amount of cost of goods available for sale during the year depends on the amounts of
A) beginning merchandise inventory, net cost of purchases, and ending merchandise inventory. B) beginning merchandise inventory and cost of goods sold. C) beginning merchandise inventory, cost of goods sold, and ending merchandise inventory. D) beginning merchandise inventory and net cost of purchases.
According to KPMG’s ethics defense model, what is the “second line of defense” for ensuring ethical and legal compliance?
a. business managers b. internal audits c. the ethics and compliance officer d. operations managers
Joe was a new hire last year. His individual appraisal rating was a 2.0 on a 4-point scale. The average of all the new hires’ appraisals from last year was a 3.0 and the average of the organization’s appraisals was a 3.5. What was the overall new hire performance ratio?
A. 86 percent B. 14 percent C. 33 percent D. 50 percent E. 42 percent