An Investment Is Expected to Yield $300 in Three Years,$500

question 45

Multiple Choice

An investment is expected to yield $300 in three years,$500 in five years,and $300 in seven years.What is the present value of this investment if the annual interest rate is 5%?

• A)$735
• B)$865
• C)$885
• D)$900

Analyze transactions and their impact on the accounting equation.

Journalize basic accounting transactions for purchases, sales, and payments.

Understand the effect of transactions on account balances and the accounting equation.

Describe the process and importance of setting up a chart of accounts.

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