Lora Corporation Will Receive $10,000 a Year at the End

question 51

Multiple Choice

Lora Corporation will receive $10,000 a year at the end of each of the next five years.Using a discount rate of 14%,the present value of the receipts can be stated as ________.

• A) PV = $10,000 (Ordinary Annuity FV factor, i = 14%, n = 5)
• B) PV = $10,000 (PV factor, i = 14%, n = 5)
• C) PV = $10,000 (Ordinary Annuity PV factor, i = 14%, n = 5)
• D) PV = $10,000 (FV factor, i = 14%, n = 5)

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Definitions:

Bonobos

A species of great ape known for its matriarchal society and complex social behaviors, closely related to humans.

Social Cooperation

The act of working together harmoniously for mutual benefit within a group or society.

Chimpanzees

Highly intelligent primates native to sub-Saharan Africa, known for their complex social structures, use of tools, and genetic closeness to humans.

Vocalization

The action of producing sounds or utterances using the vocal organs, characteristic of many animals, including humans.