Now that your uncle has decided to retire, he wants to buy an annuity that will provide him with $85,000 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. $1,063,968
B. $1,119,966
C. $1,178,912
D. $1,240,960
E. $1,303,008
Answer: D
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The Federal Trade Commission:
A. prohibits the inclusion of restrictions on franchisees in the agreement. B. requires franchisors to explain the termination, cancellation, and renewal provisions of the franchise contract. C. requires franchisors to disclose the number of franchisees terminated in the last five years. D. prohibits certain contract provisions and franchisee practices thought to be unfair to franchisors.
In a decision to drop a product, the product should be charged for rent in proportion to the space it occupies even if the space has no alternative use and the rental payment is unavoidable.
Answer the following statement true (T) or false (F)
Misrepresentation of a material fact can occur through conduct alone.
Answer the following statement true (T) or false (F)
When bonds become less widely traded, and as a consequence the market becomes less liquid, the demand curve for bonds shifts to the ________ and the interest rate ________
A) right; rises B) right; falls C) left; falls D) left; rises