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The Process of converting future cash flows to what its present value is: A. compounding B. Compounded future value C. discounting D. time value of money Question 14 A director who is not an employee of the company is called an: A. internal director B. independent director C. official director D. executive director The future value of an investment of $127,000 made today for 5 years and paying 11% for rhe monthly compounding interest period is: A. $209,572.30 B. $219,572.30 C. $208,752.30 D. $213,572.30 Question 16 Which of the following is an appropriate goal of the company? A. revenue maximisation B. tax minimisation C. profit maximisation D. shareholder's wealth maximisation Using lower interest rates will: A. not affact the future value of the investment B. decrease the future value of any investment C. increase the value of any investment D. decrease the present value of the investment Question 18 payment Lodh must pay to launch the scholarship? (Round to the nearest dollar.) A. $214,375 B. $124,900 C. $229,630 D. $212,150 Which of the following should be considered most appropriate for describing the fundamental objectives of corpoarate finance? A. making investment, financiang and working capital management decisions B. making financing decisions only C. making working capital management decisions only D. making investment decisions only Question 20 If your investment pays the same amount at the end of each year for a period of six years, the cash flow stream is called A. an ordinary annuity B. an annuity due C. a perpetuity D. continuous compounding

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