Which of the following statements is CORRECT, assuming positive interest rates and holding other things constant?
A. Banks A and B offer the same nominal annual rate of interest, but A pays interest quarterly and B pays semiannually. Deposits in Bank B will provide the higher future value if you leave your funds on deposit.
B. The present value of a 5-year, $250 annuity due will be lower than the PV of a similar ordinary annuity.
C. A 30-year, $150,000 amortized mortgage will have larger monthly payments than an otherwise similar 20-year mortgage.
D. A bank loan's nominal interest rate will always be equal to or less than its effective annual rate.
E. If an investment pays 10% interest, compounded annually, its effective annual rate will be less than 10%.
Answer: D
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Which is the main reason for sanctions NOT being able to pressure North Korea into changing its behavior?
a. North Korea’s trade and financial relations with the rest of the world are limited. b. China has refrained from implementing substantial sanctions against its neighbor. c. The tension that prevails between the United States and North Korea. d. It sees nuclear weapons as the only way to survive its repressive regime.
Which of the following statements about sales and use taxes is true?
A. Many states that impose a sales tax do not impose a complementary use tax. B. An individual must pay both a sales tax and a use tax on the taxable purchase of an item. C. If an individual pays a sales tax on the purchase of an item, she will not have to pay a use tax on the purchase. D. None of the above is true.
Organizations typically have key information flows that include all of the following except?
a. Corporate b. External c. Environmental d. Internal
A person who finds mislaid property acquires title to the goods.
Answer the following statement true (T) or false (F)