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1 ) How much will $ 6 , 0 0 0 invested at the end of each year grow to in five years, assuming an

1)How much will $6,000 invested at the end of each year grow to in five years, assuming an interest rate of 10% compounded annually? 2)What is the value today of receiving $3,000 at the end of five years, assuming an interest rate of 8% compounded annually? 3)Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
42 units at $97 per unit
75 units at $83 per unit
174 units at $62 per unit
Sales for the year totaled 271 units, leaving 20 units on hand at the end of the year.
Ending inventory using the FIFO method is: 4)Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
40 units at $99 per unit
71 units at $73 per unit
172 units at $52 per unit
Sales for the year totaled 267 units, leaving 16 units on hand at the end of the year.
Ending inventory using the LIFO method is: V 5)CatManDoo sold 4,500 bags of kitty litter during the month of June at a price of $10 per bag. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, the company expects that 2% of sales will be returned. How much revenue should CatManDoo recognize in June?

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