________ bonds are characterized by interest payments that are required only when earnings are available

The maker of Protect Your Hands hand sanitizer decided to test its consumers' reactions to one of its new products, Protect Your Hands Sanitizing Wipes

It sent out flyers advertising several of the company's products along with the new product to select customers of the target market. The flyer also asked the customers to shop in a mock store filled with real products, including the new product. In this case, the maker of Protect Your Hands has used -_____. a. crowdsourcing b. simulated market testing c. concept testing d. product simulation

Calculate the annual cash flows of a $500,000, 12-year fixed-payment deferred annuity earning a guaranteed 5 percent per year if annual payments are to begin at the end of year 4.

A. $32,652.38. B. $79,018.76. C. $62,195.01. D. $65,304.76. E. $31,097.50.