OPG Has Set Up a Fund to Help Pay the Expenses

question 173

Multiple Choice

OPG has set up a fund to help pay the expenses for the monitoring of Pickering nuclear power plant once it is in safe storage. The balance in the fund today is $700 million, and it will earn interest at 7% compounded annually. Starting 10 years from now, $100 million will be withdrawn from the fund at the beginning of every year for 30 years. What is the annually compounded interest rate for the fund during the final 30 years?

• A) 6.61%
• B) 4.33%
• C) 0.72%
• D) 0.67%
• E) 7%

Identify transactions that are not reported in the cash flows but disclosed separately.

Know the sources of information required for preparing the statement of cash flows.

Understand the use of the statement of cash flows by managers.

Learn the impact of transactions and events on the end-of-period cash balance.

---

Definitions:

Passion

A very strong feeling about a person or thing; an intense emotion, enthusiasm, or desire for something.

Fuel Love

An expression suggesting that certain actions or behaviors can intensify or sustain romantic feelings between individuals.

Ups And Downs

A phrase describing the positive and negative events or periods experienced in life or a particular situation.

Romantic Love

A deep emotional and affectionate attachment to a partner, often characterized by passion, intimacy, and commitment.