What Is the Future Value of a Series of $500

question 7

Multiple Choice

What is the future value of a series of $500 annual payments received at the end of each of the next 5 years' worth if they are invested at an annual rate of return of 6%?

• A)$1,223.44
• B)$2,176.65
• C)$2,818.50
• D)$3,309.76

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Definitions:

Medical Supplies

Items used in the healthcare field to diagnose, treat, or care for patients.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular account.

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue.

Revenue And Spending Variances

The differences between the actual amounts of revenue and spending and their budgeted or forecasted amounts, analyzed for budget control.