The Table Shows a Series of Deposits at Different Dates

question 16

Multiple Choice

The table shows a series of deposits at different dates into a savings account. If the account pays 10.5% interest (compounded annually) , what is their future value at year 6? $$\begin{array} { | c | c | } \hline \text { Year } & \text { Cash Flow } \\\hline 1 & \$ 35,000 \\\hline 2 & \$ 7,000 \\\hline 3 & \$ 13,000 \\\hline 4 & \$ 15,000 \\\hline 5 & \$ 5,000 \\\hline\end{array}$$

• A)$109,477.35
• B)$99,074.53
• C)$75,000.00
• D)$107,569.55
• E)$97,790.50

Analyze the reasons and outcomes of government policies like rent controls, minimum wage laws, and usury laws.

Understand the relationship between quantity supplied/demanded and price movements.

Understand the concept and importance of residual claims in the context of stockholders' rights.

Comprehend the significance and accounting treatment of retained earnings within a corporation.

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Definitions:

Execute a Document

The act of signing a document or contract officially, thereby making it legally binding.

Members' Voluntary Winding Up

A process initiated by the shareholders of a solvent company to voluntarily dissolve and liquidate its assets under the supervision of a liquidator.

Voluntary Administration

A process for insolvent companies to resolve debt issues with creditors through an independent administrator.

Circulating Security Interest

A floating charge over all of a company.