Jimmy deposits $4,000 now, $2,500 3 years from now, and $5,000 6 years from now. Interest is 5% for the first 3 years and 7% for the last 3 years. Solve, a. How much money will be in the fund at the end of 6 years? b. What is the present worth of the fund? c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1 through 6)?

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Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.