On January 15, 2012, Dolan Corp

question 31

Multiple Choice

On January 15, 2012, Dolan Corp.adopted a plan to accumulate funds for environmental improvements beginning July 1, 2016, at an estimated cost of $4,000,000.Dolan 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, 2012.Future value factors are as follows: Dolan should make four annual deposits of

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

---

Definitions:

Human Interaction

The communication and interplay between individuals or groups.

Internal Locus Of Control

A belief that one has control over their own life and the outcomes of their actions, as opposed to external forces determining their fate.

Situations

Scenarios or conditions that arise in the environment, affecting individuals, organizations, or societies and requiring responses.

Goals

Objectives or desired outcomes that an individual, group, or organization aims to achieve.