What is the future value of a series of $5,000 end-of-the-year cash flows to be received forever if the required rate of return is 6.00% per year and the first cash flow is one year from today?
A) $83,333,333.33
B) $8,333,333.33
C) $83,333.33
D) This question cannot be solved for a future value.
D
Business
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Tameka's company is introducing a new invoicing and billing system. As Tameka is presenting the new system to the accounting team, she is careful to explain why the changes are important. By the time she is done, the accounting team has shown their acceptance of the new procedures. This is likely because ______.
Fill in the blank(s) with the appropriate word(s).
Business
A fiduciary's duty of care with respect to ERISA retirement plans applies to:
A. the management of the plan's funds. B. the adoption of the plan. C. amendment of the plan. D. termination of the plan.
Business