1.What is the future value of $2,000 after 3 years if the interest rate is 8%, compounded semiannually? Select one: a. $2,854.13 b. 2,781.45 c. $2,324.89 d. $2,530.64$
1.What is the
Select one:
a. $2,854.13
b. 2,781.45
c. $2,324.89
d. $2,530.64$
2. Bilsl borrowed $100,000 today that he must repay in 10 annual end-of-year installments of $14,902. What annual interest rate is Bill paying on his loan?
a.8.0%
b. 7.5%
c. 4.9%
d. 5.4%
3.ABC Company has $100 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power ratio (EBIT/Total Asset) was 15% and its
a. $15,000,000
b. $ 0
c. $2,000,000
d. $ 6,000,000
4.Marry has $500,000 and wants to retire. He expects to live for another 20 years, and to be able to earn 8% on his invested funds. How much could he withdraw at the end of each of the next 20 years?
a. $53,431.83
b. $50,926.10
c. $55,119.76
d. $54,764.40
5.How much would you pay for a stock that is expected to make a $1.50 dividend in one year if the expected
Select one:
a. $12.43
b. $11.54
c. $13.40
d. $12.33
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