Present Value of 1 Future Value of 1

question 42

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 An individual is planning to set-up an education fund for her daughter. She plans to invest $7,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years?

• A)$87,413
• B)$68,040
• C)$50,400
• D)$126,000
• E)$45,360

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Definitions:

International Dimensions

Aspects or considerations related to global operations and interactions, including cultural, economic, legal, and political differences across countries.

Historical Management Theory

The study of past management practices and principles to understand the evolution of management thought and its application over time.

Business Environment

The combination of internal and external factors that influence a company's operating situation, such as economic conditions, competitors, and regulatory landscapes.

Quality Conscious

Being aware of and giving importance to the quality of products, services, or work, often striving to maintain or improve it.