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Author Question: In 6 years you are going to need 1,000 dollars. How much will you need to invest today at 7 in order ... (Read 60 times)

Mr3Hunna

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In 6 years you are going to need 1,000 dollars. How much will you need to invest today at 7 in order to save the money you need?
 
  A) 666.34
  B) 630.17
  C) 790.31
  D) 670.66
  E) 596.27

Question 2

Which of the following statements about factoring is true?
 
  A) Factoring firms sell the receivables of other firms.
  B) Factoring involves the outright sale of a firm's accounts receivable to the factor.
  C) The firm, not the factor, bears the risk of collecting bad receivables in a factoring arrangement.
  D) The borrowing firm is able to obtain a greater advance against inventory in a factoring
  arrangement than in a typical line of credit secured by accounts receivable.


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sabina576

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Mr3Hunna

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review


bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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