Present and Future Value Tables of $1 at 9% Are

question 90

Multiple Choice

Present and future value tables of $1 at 9% are presented below.

-Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be worth at the end of five years if interest is compounded at an annual rate of 9%?

• A) $855,723.
• B) $142,985.
• C) $319,000.
• D) $338,496.

---

Definitions:

Assembly Area

A specific section in a manufacturing facility where components are put together to form the final product.

Materials Requisition

A document used in the manufacturing process to request the transfer of materials from the storeroom to the production floor.

Storeroom

A storeroom is a room or space used to store supplies, materials, or equipment, typically in a business or institutional setting, ensuring items are organized and readily available when needed.

Direct Materials

The raw materials directly used in the production of a product, which are easily traceable and integral to the finished good.