James died after receiving $180 per month for 6 years from a $25,000 life with refund annuity. His spouse, Lucy, as his beneficiary, will now receive the same monthly income until her payments total

A) 25000
B) 12040
C) 12960
D) 2160

Ans: B) 12040

Business

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________ forecasting methods use historical demand to make a forecast

A) Qualitative B) Time-series C) Causal D) Simulation

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Arguments against using the net present value and internal rate of return methods include that

A) they require detailed long-term forecasts of the incremental benefits and costs. B) they fail to consider how the investment project is to be financed. C) they fail to use accounting profits. D) they fail to use the cash flow of the project.

Business