Use the Following to Answer Questions

question 94

Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:

-Jose wants to cash in his winning lottery ticket.He can either receive five $5,000 annual payments starting today,or he can receive a lump-sum payment now based on a 3% annual interest rate.What would be the lump-sum payment?

• A)$23,586.
• B)$22,899.
• C)$21,565.
• D)$23,000.

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Definitions:

Supplier Alliance

A long-term relationship between a buying company and a supplier aimed at mutual benefit through cooperative strategies in areas like innovation, cost, and quality.

Buyer-seller Relationship

The dynamic interaction between a buyer and a seller, often characterized by communication, negotiation, and exchange of goods or services.

Customer-satisfaction

A measure of how products or services supplied by a company meet or surpass customer expectation.

Supply Partnership

A strategic arrangement between a supplier and a buyer aimed at improving product quality, reducing costs, and ensuring timely delivery.