Your pension plan has two alternative payout methods. The first is a lump sum of $300,000 on your 65th birthday. The second is ordinary annuity with the first payment on your 66th birthday and the last payment on your 85th birthday

If the interest rate is 10.5%, then what size annuity payment would equate the value of the two alternatives?
A) $36,447.98
B) $35,911.96
C) $37,059.21
D) $35,237.89
E) $34,687.32


A

Business

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Virtual corporations are also called

A. anti-organizations. B. virtual network. C. modular network. D. modular corporation. E. corporate network.

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Dean Campenella is a detective with the California state police. During the investigation of a missing child, Campenella found new clues that led to the capture of a serial killer involved in another case

Since Campenella was not involved in the serial killer case, and found the clues while investigating another case, Campenella demanded a special reward from the state police department for his help in catching the killer. But his demand was declined citing lack of consideration. Campenella's demand lacks consideration under which of the following? A) preexisting duty B) illegal consideration C) gift promise D) illusory promise

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When inventory costs are declining, which of the following inventory costing methods will result in the highest cost of goods sold?

A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification

Business

Loss of team identity during project termination is a significant internal intellectual issue

Indicate whether the statement is true or false

Business