When computing an interest or growth rate, the rate will decrease with an increase in future value, holding present value and the number of periods constant

Paramount Carpets is considering purchasing new equipment costing $730,000

The company's management has estimated that the equipment will generate cash flows as follows: Year 1 $204,000 2 204,000 3 266,000 4 266,000 5 150,000 Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.) A) 4.61 years B) 3.21 years C) 3.42 years D) 3.70 years

A $1.00 coupon is placed inside a box of Quaker Oats. This is an example of a(n):

A) instant-redemption coupon B) bounce-back coupon C) cross-ruffing coupon D) response offer coupon