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Given an annual interest rate of 3 % , the present value of a future payment of $ 2 , 0 8 0 to be
Given an annual interest rate of the present value of a future payment of $ to be paid in one year is:
$
$
$
$
A firm does NOT want to borrow money for a project when the:
rate of return on the project is positive.
interest rate is positive.
interest rate is lower than the rate of return on the project.
interest rate is higher than the rate of return on the project.
A firm does NOT want to borrow money for a project when the:
rate of return on the project is positive.
interest rate is positive.
interest rate is lower than the rate of return on the project.
interest rate is higher than the rate of return on the project.
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