Determine the amount you need to pay

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To determine the amount you need to pay if you want to pay off a loan early, you should:

A. Subtract the sum of the payments already made from the initial amount of the loan.

B. Sum the remaining payments.

C. Subtract the sum of the present values of the payments already made from the initial amount of the loan.

D. Sum the present values of the remaining payments.

E. Subtract the sum of the present values of the remaining payments from the present values of the payments already made

2. Which of the following is the most appropriate goal of a corporation?

A. Maximize profits

B. Maximize market share

C. Eliminate debt

D. Maximize the market value of the firm

E. Maximize dividends paid

Which of the following is not true about the statement of financial position?

A. The statement of financial position shows the book value of the firm's assets, liabilities, and shareholders' equity

B. The firm's fixed assets are recorded as the purchase price net of accumulated depreciation

C. The value of the firm's assets is equal to the value of the firm's liabilities plus the shareholders' equity.

D. Shareholders' equity is equal to the total assets minus the total liabilities.

E. The statement of financial position represents the activities of a firm over a period of time.

Reference no: EM132466257

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