What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?
A. $8,509
B. $8,957
C. $9,428
D. $9,924
E. $10,446
Answer: E
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Kotter Mining Company purchases a gravel pit for $2,500,000 . It estimates that 5,000,000 tons of gravel can be extracted over the pit's useful life. If 930,000 tons are extracted and sold during the first year, the entry to record the depletion expense is:
a. Depletion Expense – Gravel pit 465,000 Accumulated Depletion – Gravel pit 465,000 b. Depletion Expense – Gravel pit 116,250 Accumulated Depletion – Gravel pit 116,250 c. Depletion Expense – Gravel pit 232,500 Accumulated Depletion – Gravel pit 232,500 d. Depletion Expense – Gravel pit 348,750 Accumulated Depletion – Gravel pit 348,750
Which of the following is NOT one of the eight basic consumer rights?
A) the right to be protected from unwanted marketing messages B) the right to be informed about important product aspects C) the right to be protected against products that are hazardous to health D) the right to receive a fair settlement of just claims E) the right to live and work in a healthy environment
The process of generating knowledge about the marketplace that individuals in the firm use to inform and guide their decision making is _______
a. product development management b. supply chain development c. customer relationship management d. market sensing