A company borrowed cash from the bank and signed a 5-year note at 6% annual interest. The present value for an annuity (series of payments) at 6% for 5 years is 4.2124. The present value of 1 (single sum) at 6% for 5 years is 0.7473. Each annual payment equals $8900. The present value of the note is:
A. $37,490.36.
B. $37,899.00.
C. $6650.97.
D. $157,544.00.
E. $27,949.00.
Answer: A
You might also like to view...
Which of the following is likely to cause a recession according to real business cycle theorists?
A. A fall in fuel prices B. A fall in aggregate demand C. A sudden fall in productivity D. A fall in money supply
Define organizational cultural lag. Organizational cultural lag is most closely related to which two innovation concepts and why?
What will be an ideal response?
In Roni's new sales job with Compu-Tex, she talks with a prospect who is strongly interested in the product, but does not have the budget to purchase a full-year subscription
When Roni reports this to her manager, her manager says, "Turn it into a win-win!" The sales manager most likely wants Roni to: A) sell the product to the customer at wholesale cost. B) work with the customer to sell a length of subscription the customer can afford. C) work with the research and finance departments to find a way to reduce overall costs. D) ask the prospect for a referral so that the time spent with this prospect won't be a loss. E) express appreciation to the prospect for considering the proposal and then find a new lead.
According to the Golden Personality Type Profiler, one of the four dichotomies that direct the typical use of perception and judgment by the individual is sensing versus intuition
Indicate whether the statement is true or false.