You Want to Save for a World Cruise When You

question 28

Multiple Choice

You want to save for a world cruise when you retire. You will need $20,000, interest rates are 6%, and you plan on retiring in 20 years. Using the Visual Basic .NET Financial.Pmt function, Financial.Pmt(Rate, NPer, PV [,FV, Due]) , which is correct for annual payments due today?

• A) Financial.Pmt(.06, 20, 0, 20000, DueDate.EndOfPeriod)
• B) Financial.Pmt(.06, 20, 0, 20000, DueDate.BegOfPeriod)
• C) Financial.Pmt(.06.12, 20*12, 0, 20000, DueDate.EndOfPeriod)
• D) Financial.Pmt(.06.12, 20*12, 0, 20000, DueDate.BegOfPeriod)

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Definitions:

Bluefin Tuna

A species of tuna known for its large size and high value, especially in the market for sashimi and sushi, facing overfishing and conservation concerns.

Tragedy Commons

The Tragedy of the Commons is an economic theory describing a situation within a shared-resource system where individual users acting independently according to their own self-interests behave contrary to the common good, depleting or spoiling the shared resource through their collective action.

Toxic Waste

Hazardous waste material that can cause death or injury to living creatures.

Environmental Regulators

Environmental regulators are governmental or non-governmental organizations that develop, implement, and enforce environmental laws, standards, and policies to protect natural resources and public health.