20. In what way(s) is net income different from net cash flow? a. Cash flow is on the balance sheet 'as of" a certain date; while net income covers a period of time, b. Cash flows may relate to transactions that would not be reported on the income statement. c. Net income is reported on the accrual basis; cash flow is not. d. a, b, and c are all correct answers e. Only b and c are correct answers. 21, Cheri has $1,00 to invest today. How much money will she have in 15 years if she earns 9% compounded semiannually? a. $3,745 b. $13,268 c. $3,642 d. $1,935 e. $29,361 Jessie began making $2,000 equal annual deposits in a fund starting on January 2, 2014. The fund earns 10% compounded annually, and the last deposit is made on January 2, 2018, How much will be in the fund on January 2, 2019, one year after the final deposit? a. $9,282 b $10,210 c. $12,210 d. $13,431 e. $14,774 22. Susan has just won $150,000 in the state lottery. The $150,000 will be paid out in ten equal annual payments of $15,000, beginning one year from today. Assuming an 8% interest rate compounded annually, the value of those receipts today is a. $69,479 b. $100,651 c. $108,703 d. $138,000 e. $217,298 23