QUESTION 1 What is the present value of $12,350 to be received 4 years from today if the discount rate is 5 percent? $10,160.38 $10,588.13 $10,668.39 $7,410.00 $10,150.80 QUESTION 2 Three years ago, you invested $2,750.00. Today, it is worth $3,500.00. What rate of interest did you earn? 0.70 percent 3.67 percent 4.19 percent 4.67 percent 8.37 percent QUESTION 3 At the beginning of the year, long-term debt of a firm is $272 and total liabilities is $321. At the end of the year, term debt is $251 and total liabilities is $331. The interest paid is $17. What is the amount of the cash flow to creditors? -$38 $21 $38 -$21 $17
QUESTION 1 What is the present value of $12,350 to be received 4 years from today if the discount rate is 5 percent? $10,160.38 $10,588.13 $10,668.39 $7,410.00 $10,150.80 QUESTION 2 Three years ago, you invested $2,750.00. Today, it is worth $3,500.00. What rate of interest did you earn? 0.70 percent 3.67 percent 4.19 percent 4.67 percent 8.37 percent QUESTION 3 At the beginning of the year, long-term debt of a firm is $272 and total liabilities is $321. At the end of the year, term debt is $251 and total liabilities is $331. The interest paid is $17. What is the amount of the cash flow to creditors? -$38 $21 $38 -$21 $17
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter2: Using Financial Statements And Budgets
Section: Chapter Questions
Problem 5FPE
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