McGoff Company Deposits $20000 in a Fund at the End

question 16

Multiple Choice

McGoff Company deposits $20000 in a fund at the end of each year for 5 years. The fund pays interest of 4% compounded annually. The balance in the fund at the end of 5 years is computed by multiplying

• A) $20000 by the future value of 1 factor.
• B) $100000 by 1.04.
• C) $100000 by 1.20.
• D) $20000 by the future value of an annuity factor.

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Definitions:

Corporate Integration

The process of combining different companies or business functions within a corporation to create a more efficient and unified entity.

Joint Mergers

The combination of assets, operations, or management between two or more entities to pursue common goals or improve efficiency.

Client Opposition

Situations where clients or consumers express disagreement or resistance against a company's practices, products, or services.

Different Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals in a unique or alternative manner.