Your Company Just Sold a Product with the Following Payment

question 11

Multiple Choice

Your company just sold a product with the following payment plan: $50,000 today,$25,000 next year,and $10,000 the following year.If your firm places the payments into an account earning 10% per year,how much money will be in the account after collecting the last payment?

• A)$99,000
• B)$98,000
• C)$88,500
• D)$85,000

---

Definitions:

Chemotherapy

A type of cancer treatment that uses drugs to destroy or slow the growth of cancer cells.

Melanoma

A serious form of skin cancer that arises from the pigment-producing cells known as melanocytes.

Basal Cell Carcinoma

A type of skin cancer originating from the basal cells in the epidermis, noted for its slow growth and being highly treatable.

Squamous Cell Carcinoma

A form of skin cancer that develops in the squamous cells, which make up the middle and outer layers of the skin, and can be caused by prolonged sun exposure.