In Order to Receive $12,000 at the End of Three

question 99

Multiple Choice

In order to receive $12,000 at the end of three years and $10,000 at the end of five years,how much must be invested now if you can earn 14% rate of return? (Ignore income taxes in this problem.)

• A) $8,100.
• B) $12,978.
• C) $13,290.
• D) $32,054.

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Definitions:

Marketing Mix

A mix of elements that a company can manage to sway customer buying behavior, consisting of product, price, place, and promotion.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.

Marketing Mix

A framework for managing a company’s marketing strategies, traditionally summarized by the four Ps: product, price, place, and promotion.

Mandarin Oriental

A prestigious international hotel investment and management group with luxury properties worldwide, known for their high quality of service.