.616 Converted to a Percent Is

question 47

Multiple Choice

.616 converted to a percent is:

• A) 6.16%.
• B) .0061%.
• C) .616%.
• D) 61.6%.
• E) None of these.

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Definitions:

Residual Value

The projected worth of an asset upon reaching the conclusion of its serviceable duration.

Present Value Factors

Numeric factors used in financial calculations to determine the present value of a future amount by accounting for time value of money.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly lower than its expected fair market value at the end of the lease term.