Question
Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later?
Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later?
| a. | $286.05 | |
| b. | $301.10 | |
| c. | $331.96 | |
| d. | $271.74 | |
| e. | $316.16 |
1 points
QUESTION 6
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?
| a. | $614.70 | |
| b. | $677.71 | |
| c. | $585.43 | |
| d. | $711.59 | |
| e. | $645.44 |
1 points
QUESTION 7
What is the PV of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%?
| a. | $18,621 | |
| b. | $20,633 | |
| c. | $17,690 | |
| d. | $16,806 | |
| e. | $19,601 |
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Finance And Control For Construction
Authors: Chris March
1st Edition
0415371155, 978-0415371155
