Suzette Is Going to Receive £10,000 Today as the Result

question 7

Multiple Choice

Suzette is going to receive £10,000 today as the result of an insurance settlement.In addition, she will receive £15,000 one year from today and £25,000 two years from today.She plans on saving all of this money and investing it for her retirement.If Suzette can earn an average of 11% on her investments, how much will she have in her account if she retires 25 years from today?

• A)£536,124.93
• B)£541,414.14
• C)£546,072.91
• D)£570,008.77
• E)£595,098.67

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Definitions:

Disbursement of Funds

The process of paying out money from a fund or account to various recipients.

Blanket Lien

A legal claim that gives a lender rights to the borrower's assets as collateral for a loan, covering all of the borrower's assets rather than specific assets.

Disbursement of Funds

Disbursement of funds refers to the payment of money from a fund or account, typically for specific purposes or expenses.

ZBA

Zero Balance Account; a cash management tool in which funds are automatically transferred to maintain a zero balance, eliminating excess balances.