The managers of a pension fund have invested $2.5 million in U. S. government certificates of deposit (CDs) that pay interest at the rate of 2.1%/year compounded semiannually over a period of 20 years. At the end of this period, how much will the investment be worth? (Round your answer to four decimal places.)

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable

Clearcall corporation makes phones, which are sold to consumers by defdeals stores. erna files a product liability suit against clearcall, alleging a design defect. in deciding whether to hold clearcall liable, the court may consider a. defdeals' method of accounting. b. erna's intended use for the phone. c. clearcall's quality control efforts. d. an available alternative design