Calculate the present value of an annuity of $3,900 each year for four years, assuming an opportunity cost of 10 percent
What will be an ideal response?
PV = (3,900/0.1)[1-(1/(1.1)4)] = $12,363
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Individuals who attribute the cause of events to luck are said to have a
A. high internal locus of control. B. high external locus of control. C. high degree of self-efficacy. D. high degree of social value orientation.
A sales representative calls on a prospective business customer only to find that the customer has an established relationship with another supplier that seems to be working well. The customer is not interested in considering other suppliers. The customer is currently in a ________ situation.
A. new-task buying B. modified rebuy C. straight rebuy D. limited problem solving E. extensive problem solving
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