Under a lease for an unfurnished apartment, the lessor may require a security deposit of no more than:
a. $500
b. one month's rent
c. two month's rent
d. three month's rent
Answer: c. two month's rent
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Peri Corporation is considering an investment opportunity with the following expected net cash inflows
Year 1, $230,000; Year 2, $370,000; Year 3, $360,000. The company uses a discount rate of 13%, and the initial cost of the investment is $720,000. Present Value of $1: 10% 11% 12% 13% 14% 15% 1 0.909 0.901 0.893 0.885 0.877 0.870 2 0.826 0.812 0.797 0.783 0.769 0.756 3 0.751 0.731 0.712 0.693 0.675 0.658 4 0.683 0.659 0.636 0.613 0.592 0.572 5 0.621 0.593 0.567 0.543 0.519 0.497 The IRR of the project will be ________. A) less than 13% B) between 13% and 14% C) between 14% and 15% D) more than 13%
List the three sections of the cash budget
What will be an ideal response