Personal financial management is important in your career and work performance

Pelican Corporation is planning to invest $12,000 for the next 8 years. It will have to pay the amount at the beginning of each year. This form of payment is known as a(n) _____.?

A. ?immediate annuity B. ?annuity due C. ?uneven cash flow stream D. ?ordinary annuity E. ?deferred annuity

The value of a bond is the present value of both the future interest to be received and the price of

the bond. Indicate whether the statement is true or false