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1. Your sister wants to go to grad school 3 years from now, and she can save $5,000 per year, beginning one year from today. She plans to deposit the funds in a mutual fund which you expect to return 8% per year. Under these conditions, how much will she have just after you make the 3rd deposit, 3 years from now?

A. $18,269

B. $19,512

C. $17,041

D. $16,232

E. $20,390

2. The goal of short-term cash flows management is

A) maximization of cash from operations.

B) costs minimization.

C) maximization of components availability.

D) maintain a ratio of current liabilities to current assets of greater than 1.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92841149

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