24.) For the case shown in the following table, the future value of the single cash flow deposited today at the end of the deposit period if the interest is compounded annually at the rate specified equals

Single Cash Flow $27,000
Deposit Period (years) 20
Interest Rate 11%

a. $217,682.41
b. $1,733,476.40
c. $3,348.92
d. $215,009.86

You mean you just deposited once with 27K ?

If so

amount = 27,000 (1.11)^20
= 27,000 (8.062311536)
= 217,682.41 gee, I agree to the penny

wonderful stuff that compounding :)

I think so :) Thanks

To calculate the future value of a single cash flow deposited today at the end of the deposit period, you can use the formula for compound interest:

Future Value = Present Value * (1 + Interest Rate)^Number of Periods

In this case, the present value is $27,000, the interest rate is 11%, and the deposit period is 20 years.

Let's calculate the future value using the formula:

Future Value = $27,000 * (1 + 0.11)^20

Using a calculator or spreadsheet application to perform the calculations, we find that the future value is approximately $217,682.41.

Therefore, the correct answer is option a. $217,682.41.