The Amount You Must Deposit Now in Your Savings Account

question 48

Multiple Choice

The amount you must deposit now in your savings account paying 5% interest in order to accumulate $10000 for your first tuition payment when you start college in 3 years is

• A) $8500.
• B) $7830.
• C) $8638.
• D) $8860.

Record and adjust entries for notes payable and interest.

Recognize the impact of failing to record financial statement items.

Understand and calculate cash flows associated with interest, supplies, salaries, and revenue.

Calculate correct net income including adjustments for revenues, expenses, and depreciation.

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Definitions:

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NASW Code of Ethics

A set of guiding principles and standards designed by the National Association of Social Workers to direct the professional conduct of social workers.

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