A Company Has $46,000 Today to Invest in a Fund $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 73

Multiple Choice

A company has $46,000 today to invest in a fund that will earn 4% compounded annually.How much will the fund contain at the end of 6 years? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$58,204
• B)$47,840
• C)$58,075
• D)$57,040
• E)$62,582

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Definitions:

Break Even Point

The financial analysis term where total revenues equal total expenses, and there is no profit or loss.

Budgeted Revenue

The amount of income that a company plans or expects to generate over a certain period, often used for planning and performance evaluation purposes.

After-Tax Profit

The net income a company generates after all taxes have been deducted from total revenues.

Tax Rate

The rate at which taxes are levied on an individual or a corporation's income.