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As a responsible corporate citizen, Carrium Insights Inc set up a college fund for under-privileged students in its community 10 years ago. Carrium deposited $2,500

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As a responsible corporate citizen, Carrium Insights Inc set up a college fund for under-privileged students in its community 10 years ago. Carrium deposited $2,500 monthly over the 10 year period in an account earning 6% compounded monthly; no withdrawals were allowed during this funding period. Required: (a) Compute the value of this college fund today, after 10 years' worth of monthly deposits. (5 Marks) (b) If Carrium deposits the value of this fund answer in (a) above) into a new account earning 8% interest annually, how much would Carrium be able to withdraw at the beginning of each year over the next 10 years to assist qualifying students? (7 Marks) (c) The CEO has indicated that he would like the fund to be set up with $500,000 instead of the current amount (answer from (a) above). How long will it take to accumulate $500,000 if Carrium deposits the amount from part (a) in the same account earning 8% interest annually? (3 Marks) PART B 10 Marks The Accounting Manager is seeking to analyse the company's sources and uses of cash for the year 2020. Required: Utilize the 2020 financial statements for Carrium Insights Inc. provided on page 2 to prepare Carrium Insights Inc. Cash Flow Statement for 2020. (10 Marks)

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