In an experiment, events A and B are mutually exclusive. If P(A) = 0.6, then the probability of B
a. cannot be larger than 0.4
b. can be any value greater than 0.6
c. can be any value between 0 to 1
d. cannot be determined with the information given
A
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A company is considering investing in a project that is expected to return $450,000 five years from now. How much is the company willing to pay for this investment if the company requires a 10% return? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
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What is the present value of an annuity of $4,000 received at the beginning of each year for the next
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