The current value of future cash flows discounted at the discount rate is

A. Future value

B. Future value interest factor

C. Present value interest factor

D. Present value

A level stream of cash flows occurring at the end of each period for a fixed period of time is:

A. Perpetuity

B. Annuity Due

C. Ordinary Annuity

D. Financial Annuity

You are interested in buying a property that will cost you $10 million. You have $2.3 million. If you earn interest at the rate of 5% per year, how long will you have to wait before you buy this property?

A. 30.21 years

B. 30.10 years

C. 30.12 years

D. 30.00 years

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