At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?
A) 6%
B) 5%
C) 7%
D) 8%
Answer: A
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Cash flows from issuing and repurchasing stock or issuing and repaying (retiring) debt are classified as
a. operating activities. b. investing activities. c. financing activities. d. borrowing activities.
Answer the following statements true (T) or false (F)
1. Efficiency and effectiveness are terms used interchangeably and equivalently in management. 2. Automated telephone systems are typically both very effective and very efficient. 3. An effective manager has a multiplier effect on the organization, meaning his or her influence is multiplied beyond the results achievable by just one person. 4. John Hammergren's compensation of $145 million in 2010 as CEO of health care technology firm McKesson is typical for CEOs in North America today.
Asset cost is $54,000, expected life is 6 years, and estimated salvage value is $6,000 . Using the double-declining-balance method, the depreciation for the first year would be
a. $8,000; b. $9,000; c. $16,000; d. 18,000; e. none of these.
REA modeling embraces two classes of events: economic events and support events
Indicate whether the statement is true or false