If Jethro wanted to save a set amount each month in order to buy a new pick-up truck when the new models are next available, which time value concept would be used to determine the monthly payment?
a. Present value of one.
b. Future value of one.
c. Present value of an annuity due.
d. Future value of an ordinary annuity.
Answer: d. Future value of an ordinary annuity.
Business
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When evaluating a mutual fund prior to deciding to invest, you should consider
A) the breadth of the stocks in which the fund is investing. B) the industry or industries in which the fund is investing. C) performance through the financial crisis in 2008-2010. D) both factors in both A and B, above.
Business
When Jose thinks about his work, he has a nagging feeling that he hasn't been able to accomplish much. This is an example of:
A) depersonalization. B) emotional exhaustion. C) physical exhaustion. D) feelings of low personal accomplishment.
Business