In six years' time, you are scheduled to receive money from a trust established by your grandparents. When the trust matures there will be $100,000 in the account. If the account earns 5.75% compounded continuously, how much is in the account today?
A. $82,153.56
B. $69,405.59
C. $61,615.17
D. $70,822.04
E. $59,490.51
Answer: D
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Which of the following statements is CORRECT?
A. Most sinking funds require the issuer to provide funds to a trustee, who saves the money so that it will be available to pay off bondholders when the bonds mature. B. A sinking fund provision makes a bond more risky to investors at the time of issuance. C. Sinking fund provisions never require companies to retire their debt; they only establish "targets" for the company to reduce its debt over time. D. If interest rates have increased since a company issued bonds with a sinking fund, the company is less likely to retire the bonds by buying them back in the open market, as opposed to calling them in at the sinking fund call price. E. Sinking fund provisions sometimes turn out to adversely affect bondholders, and this is most likely to occur if interest rates decline after the bond has been issued.
_______ refers to the physical site of the service desk in the building.
Fill in the blank(s) with the appropriate word(s).
Pension expense for a defined contribution plan always exceeds the employer's contribution to the plan
Indicate whether the statement is true or false
When surveyed, the majority of employees give their organizations high marks on which one of the following?
A. Credibility D. Downward communication B. Manageability E. Upward communication C. Use of the grapevine