Present Value of 1 Future Value of 1

question 16

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 A company needs to have $150,000 in 5 years,and will create a fund to insure that the $150,000 will be available.If it can earn a 6% return compounded annually,how much must the company invest in the fund today to equal the $150,000 at the end of 5 years?

• A)$141,000
• B)$112,095
• C)$100,000
• D)$45,000
• E)$105,000

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Definitions:

Australopithecine Fossil

Prehistoric remains of Australopithecus, an early genus of hominins known for bipedal locomotion and a significant role in human evolutionary history.

Lucy

The common name given to the Australopithecus afarensis skeletal remains discovered in Ethiopia in 1974, which are among the oldest and most complete hominin fossils found to date.

Classic Human

Refers to idealized concepts or archetypal characteristics of humans, often related to anatomy, behavior, or culture in historical contexts.

Spinal Shape

The physical curvature and alignment of the vertebral column, important for posture, movement, and overall health.