1. Suppose you plan to save $670 a month (saved dollars are available at the end of each month) for the first 5 years and $12,225 a year (saved dollars are available at the end of each year) for the next 5 years. Your annual savings of $12,225 are deposited into Account # 3, which earns you 8.39% compounded quarterly for 5 years. How much will you have in Account #3 10 years from now?

A. $180,412.05

B. $63,743.54

C. $72,665.70

D. $134,458.58

2. A typical cash flow under operating activities includes cash flows from transactions in plant, property and equipment

True

False

3. The Barnum Company has total assets of $39,780, net working capital of $4,760, owner's equity of $17,000, and long-term liabilities of $11,900. What is the value of the current assets:

a: $2,800 b: $5,600    c: $15,560    d: $18,450