On January 15, 2007, Flynn Corp Flynn Should Make Four Annual Deposits of
A)$711,618

question 24

Multiple Choice

On January 15, 2007, Flynn Corp.adopted a plan to accumulate funds for environmental improvements beginning July 1, 2011, at an estimated cost of $4,000,000.Flynn plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually.The first deposit was made on July 1, 2007.Future value factors are as follows: $\begin{array}{l}\text { Future value of } 1 \text { at } 10 \% \text { for } 5 \text { periods } &1.61\\\text { Future value of ordinary annuity of } 1 \text { at } 10 \% \text { for } 4 \text { periods } &4.64\\\text { Future value of annuity due of } 1 \text { at } 10 \% \text { for } 4 \text { periods }&5.11\end{array}$ Flynn should make four annual deposits of

• A)$711,618.
• B)$782,779.
• C)$862,069.
• D)$1,000,000.

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Definitions:

Automation

The use of technology and machinery to perform tasks without human intervention, often improving efficiency.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value for themselves, their employers, or their community.

Retaining Workers

The practices and strategies employed by organizations to keep their employees engaged, satisfied, and committed to remain with the company.

High-Performing Staff

Employees who consistently exceed expectations and deliver superior performance in their roles, contributing to the organization's success.