How Many Feet of Fence Will It Take to Enclose

question 19

Multiple Choice

How many feet of fence will it take to enclose a rectangular plot 15 feet by 44 feet if an opening of 5
Feet is to be left for a gate?

• A)59 feet
• B)113 feet
• C)118 feet
• D)54 feet

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Definitions:

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Interest Rate

The interest rate applied to a loan, frequently shown as an annual percentage of the loan's outstanding figure to the borrower.

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A level stream of cash flows for a fixed period of time.

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Dividends that are paid to preferred stockholders before any dividends are paid to common stockholders.