4 points Save Answ Question 23 You want to go to Europe 7 years from now, and you can save $4,800 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 9.2% per year. Under these conditions, which of the following formulas determines how much you would earn after you make the 7th deposit, 7 years from now? B 1 Number of years 7 2 Savings 4,800 per year 3 Interest 9.20% 4 Future value ? 5 OFV(B3,B2,B1,0) O=FV(B3/B1, B2,81,0) OFV(B3, B1,-82,0) OFV(B3,B1, B2-7,0) Question 24 The following is the worksheet of a balance sheet. Which cell has an incorrect formula? A B 1 Assets 2019 2 Cash and Equivalents 52.00 3 Accounts Receivable 402.00 4 Inventory 836.00 5 Total Current Assets =SUM(B2:B4) 6 Plant & Equipment 527.00 7 Accumulated Depreciation 166.20 8 Net Fixed Assets =B6-B7 9 Total Assets =B5+88 10 Liabilities and Owner's Equity 11 Accounts Payable 175.20 Short-term Notes Payable 225.00 Other Current Liabilities 140.00 540.20 424.61 =SUM(B14:815) SUM(B16:B18) =B16+819 12 13 14 Total Current Liabilities 15 Long-term Debt 16 Total Liabilities 17 Common Stock 18 Retained Earnings 19 Total Shareholder's Equity 20 Total Liabilities and Owner's Equity 460.00 225.99 KE OB19 B8 O B16 O B5