Sebastian has reached his retirement age with a sizable balance of $1,750,000 in his defined contribution 401K account. Sebastian, not being of good health, has set up an annuity that will make equal payments to him at the end of each year, beginning one year from now, for 8 consecutive years. The annuity is set up to have a 5.75% interest rate. Which of the following comes closest to the amount Sebastian will receive from this annuity at the end of each year?a. $300,665 b. $750,000
c. $217,752
d. $434,783
e. $279,031

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.