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1 0 . You are planning to make monthly deposits of $ 5 0 0 into a retirement account that pays 1 1 . 5

10. You are planning to make monthly deposits of $500 into a retirement account that pays 11.5 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?
Question 10 options:
$1,601,036
$1,544,209
$1,647,157
$1,623,626
$1,564,549
11. Consolidated Industries' Financial Statements show the following: Net Income =1,000; Sales =8,000 Account Receiveable =1,600; Accounts Payable =1,200; Salaries =700; Rent =400; Current Assets =2,800; Current Liabilities =2,400; Total Liabilities =3,600; Total Assets =7,000; Total Equity =3,400. What is the Common Sized Value for Rent?
Question 11 options:
11.8%
40.0%
5.0%
5.7%
14.3%
12.Your bank account pays 4.75% interest compounded annually. How much would you have to deposit each year to have 250,000 in 5 years?
Question 12 options:
$42,742
$41,032
$40,246
$44,879
$45,470

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