m40 John has to pay $1,000 per month for his mortgage for another 5 years, but he is considering paying the mortgage off in one lump sum. John cannot calculate the present value of the payments using the annuity formulas because his payments are monthly and not once per year. d out of question Select one: O True False en 41 Under current accounting rules, the plant and equipment account shows the historical cost (purchase price) of, plus any subsequent improvements to the plant and equipment ed out of Select one: O True O False g question on 42 A company that wants to maximize earnings per share may either over sell assets or Pay off debt. ed Select one: True out of False g