Canvas > XCO D Question 18 1 pts You want travel to Europe to visit relatives when you graduate from college three years from now. The trip is expected to cost a total of $10000 at that time. Your parents have deposited $5,000 for you in a CD paying 6% interest annually, maturing three years from now. Aunt Hilda has agreed to finance the balance. If you are going to put Aunt Hilda's gift in an investment earning 10% over the next three years, how much must she deposit now, so you can visit your relatives at the end of three years? $3,757 $3,039 $5,801 $3.345 Question 19 1 pts Which of the statements below is TRUE? The ownership accounts or owners' equity section of the balance sheet reflects the owners stake in the tem The balance sheet reports the performance of the form over the past period. It sumarizes and categorizes a company's revenues and excesses for that period. Accounting and finance view the numbers in the same way: They both look back to where a company has been somewhat like looking through a rear view mirror Net Income is the same as cash flow 1 pts D Question 20 You intend to buy a vacation home in seven years and plan to have saved $50,000 for a down payment. How much money would you have to place today into an investment that earns 8% per year to have enough for your desired down payment? $29.175