You are going to pay 100 into an account at the beginning of each of the next 40 years. At the
beginning of the 41st year you buy a 30 year annuity whose first payment comes at the end of the
41st year (the accounts earn 12).
How much will you receive at the end of the 41st year (i.e., the
first annuity payment). Round to nearest 100.
A) 10,700 B) 11,400 C) 7,800 D) 93,000
Question 2
Which is NOT a characteristic of a limited liability partnership?
A) One or more of the partners must be a general partner to whom the privilege of limited liability does not apply.
B) Prohibits the limited partners from participating in the management of the partnership.
C) Partners pay taxes on dividends distributed.
D) One or more partners have limited liability.
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
Approximately 40 percent of farmers in the United States are 55 years old or older
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
What rate, compounded once every 3 years, is equivalent to 9% effective rate?