Find the present value of $X, to be paid at the end of year n, with an interest rate of Y% Find the present value of $2,000 to be paid at the end of year 3 with an interest rate of 5%

During years of rising inventory prices but selling price remains constant, which inventory method will yield a higher net income, LIFO or FIFO?

(10 points) Calculate the issuance price of a two year, non-interest bearing bond with a $1,000,000 face value and sold at a 5% market rate