How far out do most lenders want financial plans to extend? A) 1 mont
QUESTION
How far out do most lenders want financial plans to extend?
A) 1 month
B) 6 months
C) 1 year
D) 2 years
E) 5 years
ANSWER
Answer: C
Explanation: C) Most short-term lenders are interested in 1-year financial plans. Long-term investors, such as stockholders, care more about long-range financial plans, such as 5 years or more.
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