How much money must be put into a bank account yielding 6.42% (compounded annually) in
order to have $1,671 at the end of 11 years (round to nearest $1)?
A) $798 B) $921 C) $886 D) $843
D
Business
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Investment companies can inflate the percentage of funds that outperformed their benchmark by
A) including unrealized capital gains. B) closing funds that underperformed their benchmark. C) using a different fiscal year than the benchmark. D) assuming that investors automatically add to their holdings.
Business
The Materials Control account is increased when ________
A) direct materials are purchased B) indirect materials are sold C) materials are requisitioned for production D) materials are converted to finished goods
Business