Author Question: For any interest rate and for any period of time, the more frequently interest is compounded, the ... (Read 50 times)

misspop · **on:** Jul 10, 2018

For any interest rate and for any period of time, the more frequently interest is compounded, the greater the amount of money that has to be invested today in order to accumulate a given future amount.

Indicate whether the statement is true or false

Question 2

Profit maximization as the goal of the firm is not ideal because ________.

A) profits are only accounting measures
B) cash flows are more representative of financial strength
C) profit maximization does not consider risk
D) profits today are less desirable than profits earned in future years