Question
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA
Present and future value tables of $1 at 9% are presented below.
| PV of $1 | FV of $1 | PVA of $1 | FVAD of $1 | FVA of $1 | |
| 1 | 0.91743 | 1.09000 | 0.91743 | 1.0900 | 1.0000 |
| 2 | 0.84168 | 1.18810 | 1.75911 | 2.2781 | 2.0900 |
| 3 | 0.77218 | 1.29503 | 2.53129 | 3.5731 | 3.2781 |
| 4 | 0.70843 | 1.41158 | 3.23972 | 4.9847 | 4.5731 |
| 5 | 0.64993 | 1.53862 | 3.88965 | 6.5233 | 5.9847 |
| 6 | 0.59627 | 1.67710 | 4.48592 | 8.2004 | 7.5233 |
Claudine Corporation will deposit $6,300 into a money market sinking fund at the end of each year for the next four years. How much will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest?
Multiple Choice
$31,404.
$27,468.
$28,811.
$26,901.
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Financial Accounting Second Custom Edition For The University Of Central Florida
Authors: Walter T. Jr, Horngren Harrison
2nd Custom Edition
0536986002, 978-0536986009
