Question
Special Instructions for Questions 17-20: Use the factors below to answer the following questions. A rate of 12%, compounded annually , applies to all four
Special Instructions for Questions 17-20:
Use the factors below to answer the following questions. A rate of 12%, compounded annually, applies to all four questions.
Future Value Single for 3 period at 12%: 1.405
Future Value Annuity for 3 period at 12%: 3.374
Present Value Single for 3 period at 12%: 0.712
Present Value Annuity for 3 period at 12%: 2.402
17. What amount must be deposited in the bank today to grow to $750 in three years?
| a. $551.47 | ||
| b. $253.05 | ||
| c. $180.15 | ||
| d. $534.00 |
18. A deposit of $200 made at the end of each year for three years would grow to how much?
| a. $674.80 | ||
| b. $480.40 | ||
| c. $142.40 | ||
| d. $281.00 |
19. A deposit of $500 would grow to how much at the end of three years?
| a. $1,687.00 | ||
| b. $356.00 | ||
| c. $1,201.00 | ||
| d. $702.50 |
20. What amount must be deposited in the bank today to be able to withdraw $400 at the end of each year for the next three years?
| a. $284.80 | ||
| b. $960.80 | ||
| c. $1,349.60 | ||
| d. $562.00 |
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Tax Audit Approach And Due Diligence Related To Tax Credits
Authors: Mohamed Ben Sassi
1st Edition
6204246941, 978-6204246949
