During the month of July, Falcon Industries has cash receipts of $2,000, $7,000, and $5,500 and makes cash payments of $1,800, $7,200, and $3,000. If the Cash account started with a $0 balance, Falcon's Cash account balance at the end of July would have a

90000

Explanation:

its easy just subtract the answer from the amount made

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

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