Paul wants to invest a sum of money today that will accumulate to $61,000 at the end of 4 years. Assuming he can earn an interest rate of 12% compounded semiannually, how much must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided.)
A. $22,673
B. $38,271
C. $47,088
D. $38,562
E. $31,806
Answer: B
You might also like to view...
Which of the following is an advantage of applying the economic value creation perspective to assess a firm's performance?
A. In economic value perspective, analysts not only consider historical costs, but also opportunity costs. B. When the need for "hard numbers" arises, managers and analysts rely on economic value creation perspective to measure competitive advantage. C. Arriving at the economic value created is easy because determining the value of a good in the eyes of consumers is a simple task. D. It is the most efficient tool for assessing corporate-level competitive advantage of highly diversified companies with large product portfolios.
Karen’s company manufactures high-end design cookware. Karen has signed with a local kitchenware store to give free cooking lessons during which she will use her cookware. This is an example of which of the following marketing elements?
a. distribution b. promotion c. product d. place
Bounded rationality means solving problems by producing the best possible solution based on a set of highly desirable conditions.
Answer the following statement true (T) or false (F)
The section of Sarbanes-Oxley that makes it a felony to knowingly destroy, alter, or create records and/or documents with the intent to impede, obstruct, or influence an ongoing or contemplated federal investigation and offers legal protection to whistle-blowers is ______________________________.
Fill in the blank(s) with the appropriate word(s).