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Question 38 Not yet answered Marked eout of 1,00 P Flag question You are going to withdraw $1,000 at the end of each year for

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Question 38 Not yet answered Marked eout of 1,00 P Flag question You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 9% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much money will be in the account immediately after the second withdrawal is made? Select one: a. $1,000.00 b. $917.43 c. $982.29 d. $2,000.00 e. $925.93 Question 39 Not yet answered Marked out of 1.00 P lag question A new project will cause accounts payable to increase by $35,000, accounts receivable to increase by $40,000 and inventory to decrease by $5,000. Which one of the following statements is true? Select one: a. The project will decrease the amount of cash provided to customers. b. The project will not affect net working capital. C. The change in accounts payable is a use of cash. d. The change in inventory is a use of cash, e. Net working capital will decrease

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