What is the future value of a series of $500 annual payments received at the end of each of the next 5 years' worth if they are invested at an annual rate of return of 6%?
A) $1,223.44
B) $2,176.65
C) $2,818.50
D) $3,309.76
Answer: C
Business
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Duties of an insured after a collision loss covered under the PAP include which of the following?
I. Take reasonable steps to protect the vehicle from further damage. II. Admit fault if the insured believes he or she caused the collision. A) I only B) II only C) both I and II D) neither I nor II
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Refer to Table 15.1. The additional U.S. taxes due on the repatriation of income from the Ukraine to the United States, alone, assuming a 50% payout rate, is:
A) excess foreign tax credits of $110,000. B) additional U.S. taxes due of $97,000. C) additional U.S. taxes due of $36,500. D) excess foreign tax credits of $18,500.
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