Use the Present Value and Future Value Tables Included in Appendix

question 92

Multiple Choice

Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
-Which of the following is NOT true?

• A) Bonds allow a company to borrow a lot of money from a lot of different people
• B) Notes involve borrowing a lot of money from one lender
• C) Mortgages typically have a higher interest rate because of collateral on the loan
• D) Leases typically require a lower down payment as there are no risks associated with product obsolescence

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