Eight years from now, you will be inheriting $100,000. What is this inheritance worth to you today if you can earn 7.25 percent interest, compounded annually?

TruColor Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following is most likely to be true about the printing press?

a. It will be depreciated over its useful life. b. It will be charged as an expense in the year it is bought. c. It will more likely be short-lived. d. It will retain its identity in the final product.

Brokers owe the fiduciary obligation of reasonable skill and care to

a. customers b. other cooperating brokers c. the party that paid them d. the party that employed them