Suppose you deposit $8,500 into an account earning 5.0% interest compounded annually. Determine the amount of money that will be in the account at the end of 12 years. Be sure to include an appropriate cash flow diagram,

$ 15,264.78

Explanation:

Using the excel formula FV() you can calculate the amount to be received after 12 years. The diagram will be: PeriodAmount  Payment interestAmount + interest

1  8,500.00   425.00   8,925.00  

2  8,925.00   446.25   9,371.25  

3  9,371.25   468.56   9,839.81  

4  9,839.81   491.99   10,331.80  

5  10,331.80   516.59   10,848.39  

6  10,848.39   542.42   11,390.81  

7  11,390.81   569.54   11,960.35  

8  11,960.35   598.02   12,558.37  

9  12,558.37   627.92   13,186.29  

10  13,186.29   659.31   13,845.60  

11  13,845.60   692.28   14,537.88  

12  14,537.88   726.89   15,264.78  

the answer is d) it provided irrigation for farming.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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