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A series of equal receipts at equal intervals of time when each receipt is received at the beginning of each time period is called an: a ordinary annuity b. annuity in arrears. c annuity due. d. unearned receipt. Mary either a signing bonus of $23,000 payable on the first day of work or a signing bonus of $26.000 payable afher one year of employment. Assuming 26. Mary recently was offered a pesition with a major accounting nterest rate is 10%, which option should Mary choose? a. The two options are equivalent. b. Insufficient information to determine. . The signing bonus of $26,000 payable after one year of employment d. The signing bonus of $23,000 payable on the first day of work 27. What best describes the time value of money? a. The interest rate charged on a loan. b. Accounts receivable that are determined uncollectible. c. An investment in a checking account d. The relationship between time and money 28, Ethan has S 160,000 to invest today at an annual interest rate of 4% Approximately how many years will it take before the investment grows to $324,000? a. 18 years. b. 20 years c. 16 years d. 11 years. 29. If a savings account pays interest at 4% compounded quarterly, then the amount of $1 left on deposit for 5 years would be found in a table using 5periods at 4%. b. 5 periods at 1%. 20 periods at 4%. d. c, 2O periods at 1%. 30. Lane Co. has a machine that cost $500,000. It is to be leased for 20 years with rent received at the beginning of each year. Lane wants a return of 10%. Calculate the amount of the annual rent. a. $53,391 b. $59,773 c. $74,320 d. $58,730