1. Assume you deposit $5,000 at the end of each year into an account paying 10.8 percent interest.

Requirement 1:

How much money will you have in the account in 20 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value

$

Requirement 2:

How much will you have if you make deposits for 40 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Annuity future value

$

1. In 2011, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $2,161,000. The comic book was originally sold in 1938 for $.10.

Required:

What was the annual increase in the value of this comic book? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Annual increase

%

1. In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2011, the winners check was $1,440,000.

Requirement 1:

What was the annual percentage increase in the winners check over this period? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

Annual percentage

%

Requirement 2:

If the winners prize increases at the same rate, what will it be in 2045? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Prize money

$

1. First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually.

Required:

If you made a deposit of $7,500 in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)

Difference

$

1. Mustaine, Inc., has a current stock price of $54. For the past year, the company had net income of $7,900,000, total equity of $26,300,000, sales of $50,500,000, and 4.1 million shares of stock outstanding.

Requirement 1:

What are earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Earnings per share

$

Requirement 2:

What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Price-earnings ratio

times

Requirement 3:

What is the price-sales ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Price-sales ratio

times

Requirement 4:

What is the book value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Book value per share

$

Requirement 5:

What is the market-to-book ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Market-to-book ratio

times