An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that the discount rate is 9%?
A) $5776
B) $9626
C) $11,551
D) $13,476
Answer: B
You might also like to view...
Which document is the objective evidence used as the basis to record the following journal entry?
a. Materials requisition b. Time ticket c. Job cost sheet d. Purchase order e. Invoice
Distinguish between functional turnover and dysfunctional turnover.
What will be an ideal response?
A state law that covers all businesses cannot give in-state businesses an advantage over out-of-state businesses
Indicate whether the statement is true or false
Which of the following is a major ethical issue arising out of value chain extension?
A) Who is responsible when there is damage? B) How many members should there be in the chain? C) What should be the marketing strategy? D) Should the company make revenue by expansion?