Multiple Choice Question 19 If $34500 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years? $362250 $433938 $497250 $56197 Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 28 Which of the following discount rates will produce the smallest present value? 15% 3% 14% 6% Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 29 Suppose you have a winning lottery ticket and you are given the option of accepting $4000000 three years from now or taking the present value of the $4000000 now. The sponsor of the prize uses a 7% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is $3337860. $3416340 $1000000 $3265200 ER VELIUN BACK NEXT Multiple Choice Question 101 On January 1, 2017, Cullumber Company, a calendar-year company, issued $702000 of notes payable, of which $176000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is: Current liabilities, $702000 Current liabilities, $526000; Long-term Debt, $176000. Long-term debt, $702000 Current liabilities, $176000; Long-term Debt, $526000