Your Company Just Sold a Product with the Following Payment

question 63

Multiple Choice

Your company just sold a product with the following payment plan: $40,000 today,$35,000 next year,and $30,000 the following year.If your firm places the payments into an account earning 6% per year,how much money will be in the account after collecting the last payment?

• A)$118,767
• B)$112,044
• C)$94,074
• D)$85,000

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Definitions:

Recommended Exercise

Physical activity that is suggested or advised for maintaining or improving health and fitness, typically following guidelines from health organizations.

Moderate Activity

Physical activity that is not too strenuous or intense, such as brisk walking or light cycling, beneficial for health.

Weekly Exercises

Physical activities or routines carried out on a weekly basis to maintain or improve health and fitness.

Ova Reserves

The supply of eggs present in a female's ovaries, which decreases in number and quality with age, affecting fertility.