Gina's Fashion Plans to Make Semiannual Deposits of $1,963

question 32

Multiple Choice

Gina's Fashion plans to make semiannual deposits of $1,963.64 until she has accumulated $72,000.Assuming she earns 7% on her investment,Wagner will need to make a total of:

• A)12 payments
• B)36 payments
• C)24 payments
• D)cannot be determined from the information given

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Definitions:

Finance Perspective

An approach or viewpoint focusing on the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

Pro Forma Financial Statements

Pro forma financial statements are financial reports that a company prepares based on hypothetical scenarios or assumptions, often used for future planning or investment analysis.

Key Elements

Fundamental or essential components that constitute the basis or core of something.

Sustain Growth

The ability of an organization or economy to increase its output or income over a period while maintaining financial and environmental balance.