You would like to travel in south america 5 years from now, and you can save $3,100 per year, beginning one year from today. you plan to deposit the funds in a mutual fund that you think will return 8.5% per year. under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?

$18,368.74

Explanation: Future value of annuity refers to the total amount a series of deposit will amount to over a certain period given a certain rate.

Periodic value (P) =$3,100

Rate(r) = 8.5% = 0.085

Time(n) = 5years

FV = Future Value of annuity =?

FV = P[ (((1+r)^n) - 1) ÷ r ]

FV =3,100[(((1+0.085)^3) - 1) ÷ 0.085]

FV = 3100[((1.085^5) - 1) ÷ 0.085]

FV = 3100[(1.50366 - 1) ÷ 0.085]

FV = 3100[0.50366 ÷ 0.085]

FV = 3100[5.9254]

FV = $18,368.74

answer; /// the above statement is (true);

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.