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.

Recognize the roles and responsibilities of individuals in preventing and reporting insider trading.

Distinguish between tipper and tippee liability within the context of securities trading.

Understand the concept of securities fraud and the various defenses that can be deployed against such accusations.

Comprehend the legal requirements for the sale and registration of securities, including exemptions for private placements.

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Definitions:

Interest

A fee, usually charged for the use of money.

Check Register

A record of checks written, deposits made, and current balances within a checking account.

Deposits

Money placed into an account or given to a third party as a pledge for the fulfilment of an agreement.

Cash Balance

The amount of money in cash or cash equivalents that a company or individual has available at any given time.