For most occupations the law forbids an employer from forcing you into retirement

Which of the following corporate actions is subject to shareholder approval?

A. Election of officers. B. Removal of officers. C. Declaration of cash dividends. D. Removal of directors.

Your grandmother places $13,000 into an account earning an interest rate of 7% per year. After 5 years the account will be valued at $18,233.17. Which of the following statements is correct?

A) The present value is $13,000, the time period is 7 years, the present value is $18,233.17, and the interest rate is 5%. B) The future value is $13,000, the time period is 5 years, the principal is $18,233.17, and the interest rate is 7%. C) The principal is $13,000, the time period is 5 years, the future value is $18,233.17, and the interest rate is 7%. D) The principal is $13,000, the time period is 7 years, the future value is $18,233.17, and the interest rate is 5%.