The regulation of real estate licensees is covered in the

$10,000 is put in a investment account today. The investment account compounds interest at a rate of 1% per month. What amount will be available five years from today?

A) $10,510 B) $16,000 C) $17,623 D) $18,167

Which of the following statements is FALSE?

A) On the other hand, by relying on short-term debt the firm exposes itself to funding risk, which is the risk of incurring financial distress costs should the firm not be able to refinance its debt in a timely manner or at a reasonable rate. B) An ultra-conservative policy would involve financing even some of the plant, property, and equipment with short-term sources of funds. C) With a conservative financing policy, the firm would use short-term debt very sparingly to meet its peak seasonal needs. D) Short-term debt can have lower agency and lemons costs than long-term debt, and an aggressive financing policy can benefit shareholders.