Shiraz deposited $500 at the END of each year for 18 years in a savings account. If the account paid 5% interest, compounded annually, use Table 12-1 from your text to find the future value of his account
A) $12,822.71
B) $12,920.19
C) $14,066.19
D) $15,452.83
C
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When you fail to use good grammar in your communication, you may be perceived as lazy or uneducated.
Answer the following statement true (T) or false (F)
Which of the following statements will be more effective if the numbers in it are expressed in words?
A. The company's fixed expenses totaled $15,000. B. The club will celebrate its 125th anniversary next year. C. The firm received 1000s of customer orders for its product. D. The business report has 354 pages in total.
The net present value (NPV) of a stream of cash flows is equal to
A) the sum of all cash flows for all periods being considered. B) the sum of all cash flows for all periods being considered divided by the number of periods. C) the average of all cash flows for all periods being considered multiplied by the number of periods. D) the sum of all cash flows for all periods being considered discounted by the rate of return for each period.
Discounted payback period's primary advantage over traditional payback is that:
A. discounted payback considers cash flows that occur after the discounted payback period. B. discounted payback is always shorter than the traditional payback period. C. discounted payback considers the time value of money. D. discounted payback ensures more payback by accepting projects with longer payback period. E. discounted payback ensures faster recovery of investment by accepting projects with longer payback periods.