Multiple Choice
One year ago,the Jenkins Family Fun Center deposited $3,600 in an investment account for the purpose of buying new equipment four years from today. Today,it is adding another $5,000 to this account. It plans on making a final deposit of $7,500 to the account next year. How much will be available when it is ready to buy the equipment,assuming it earns a 7% rate of return?
A) $18,159.65
B) $19,430.84
C) $19,683.25
D) $20,194.54
E) $20,790.99
Correct Answer:
Verified
Correct Answer:
Verified
Q21: If you have a choice to earn
Q22: Your rich uncle establishes a trust in
Q23: What is the annual percentage rate on
Q24: If a business takes out a $10,000,7
Q25: You are buying a previously owned car
Q27: The stated rate of interest is 10%.
Q28: The McDonald Group purchased a piece of
Q29: You estimate that you will have $24,500
Q30: Which of the following amounts is closest
Q31: You would like to give your daughter