Sarah invests $2,700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance in her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.
A. N = 6, I/Y = 5%, PV = 2,700
B. N = 5, I/Y = 6%, FV = -2,700
C. N = 5, I/Y = 6%, PV = 2,700
D. N = 5, I/Y = 6%, FV = 2,700
E. N = 5, I/Y = 6%, PV = -2,700
Answer: E
You might also like to view...
Jerome is the CEO of a magazine publishing company. He wants to provide benefits for his employees but would still like to control his company's costs. Ashley, the head of the HR department, suggests implementing a cafeteria-style plan. What would be the most likely benefit of Jerome doing so?
A. He will save time by using software packages to offer benefits packages. B. Costs will be easy to estimate since all benefits options will be taken into consideration. C. Employees of the company, including Jerome, will be given more vacation days. D. Having a non-standardized plan will make Jerome's company seem cutting-edge. E. He will avoid the cost of providing employees with benefits they don't value.
Regarding employee stock options, which of the following is/are true?
a. Firms compute a fair-value-based measure of employee stock options on the date of the grant using an option-pricing model that incorporates information about the current market price, the exercise price, the expected time between grant and exercise, the expected volatility of the stock, the expected dividends, and the risk-free interest rate. b. Total compensation cost is the number of options the firm expects to vest times the expected value per option at the date of redemption. c. Firms amortize this total cost over the requisite service period, which is the expected period of benefit. d. The requisite service period is usually the period between the grant date and the vesting date. e. Firms do not typically remeasure most types of stock options after the initial grant date.
The salesperson is trying to convince a prospective buyer to buy his professional hair salon products. The salesperson says, "These products have an advantage over other market products because they are not animal-tested. They use only organic ingredients and are available in five different strengths." The salesperson is using the:
A. alternative-choice close. B. summary-of-benefits close. C. assertive close. D. minor-points close. E. compliment close.
In states that have adopted it, the Uniform Electronic Transactions Act:
A) encourages and gives full effect to electronic contracts. B) gives full effect to emergency transactions. C) supplements and covers all of the UCC. D) covers wills, codicils, and testamentary trusts.