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QUESTION 17 Sarah's parents will invest 548.000 today for her education. The bank pays Interest at 2% compounded monthly. How much money will Sarait's parents have in 10 years? Some other number O $57.902.22 O $ 58,006.97 O $ 62,489.05 O $58,617.57 QUESTION 18 Which of the following groups contain only assets? Accounts payable, notes payable, common stock O Revenue, expenses, operating income Land, sales revenue, cash Equipment, security deposit, inventory Accounts receivable, building, retained earnings QUESTION 19 A debit entry O decreases liabilities O all of these O increases expenses. O none of these. O increases assets QUESTION 20 On the Statement of Cash Flows, the sum of the three major components (operating activities, investing activities, financing activities) adds up to the amount of cash inflow for the period O net income for the period. the ending cash balance. some other amount O the change in the cash account balance between the beginning and ending of the period. QUESTION 21 George wants to buy a new Speedster 1000. The cost is $60,000. He will put $5,000 down and pay the rest in five equal annual payments which will begin in one year and which include interest at 4%. How much are the annual payments? O $ 14,243.78 O $ 15,510.65 O $ 12,354.49 O $ 13,477.63 O some other number

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