Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today?
A. $1,471,632.01
B. $981,088.00
C. $1,348,996.01
D. $1,226,360.01
E. $1,508,422.81
Answer: D
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On October 1, 2015, Jacob's Beach Umbrellas borrowed $5,000 on a 12%, one-year note payable. Interest was payable semiannually. A correct adjusting entry was made on December 31, 2015, and a correct reversing entry was made on January 1, 2016. The entry that should be made on March 31, 2016, is
A) Interest Payable 300Cash 300 B) Interest Expense 150Interest Payable 150Cash 300 C) Interest Expense 150Cash 150 D) Interest Expense 300Cash 300
When an elementary school teacher was returning to school in the fall, she wanted to buy markers and craft paper. She remembered the discount website she visited last year for her purchases, so she'll start there to see if the website still carries the items previously purchased. What term best describes the information search method used by the teacher?
A. personal external source B. internal search C. market-dominated external source D. public external source E. market-dominated internal source
A conservative approach to a balanced transportation model would be to make all constraints less-than-or-equal-to constraints
Indicate whether this statement is true or false.
Religiously affiliated schools, colleges, or educational institutions are permitted to give preference to members of their particular religion in:
a. hiring. b. providing health policy. c. providing training. d. compensation and other benefits.