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.

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Definitions:

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Cells present in the skin that produce melanin, a pigment responsible for hair, skin, and eye color, and plays a role in protecting against UV radiation.

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Flat, brownish patches on the skin, usually associated with aging or sun exposure, that are not harmful.

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Harmful acts directed towards older individuals, including physical, emotional, or financial abuse and neglect.

Institutional Elder Abuse

Mistreatment or neglect of older adults in a residential facility or institution.