State the Type and Answer the Question

question 26

Multiple Choice

State the type and answer the question. What annual deposit is necessary to have $15,000 in 5 years if all the money is deposited at 13% interest compounded annually? ​

• A) Sinking fund; $2,303.83
• B) Amortization; $2,314.72
• C) Present value; $2,320.72
• D) Sinking fund; $2,314.72
• E) Future value; $2,325.61

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Definitions:

Central Business Districts

Areas within a city where commercial, financial, and business activities are concentrated.

Inflexibility

The lack of adaptability or the inability to change or be changed easily in response to different circumstances.

Liquor License

A legal permit that allows an establishment to sell alcoholic beverages.

Legal Considerations

Refers to the legal requirements and implications involved in operating a business, including compliance with laws and regulations.