Question
1. If you wish to accumulate $119,000 in 15 years, how much must you deposit today in an account that pays an annual interest rate
1.
If you wish to accumulate $119,000 in 15 years, how much must you deposit today in an account that pays an annual interest rate of 9%?
Group of answer choices
$32,670.03
$26,136.02
$43,451.14
$36,982.47
$54,232.24
2.
U KNO, Inc. uses only debt and common equity funds to finance its assets. This past year the firm's return on total assets was 11%. The firm financed 32% percent of its assets using debt. What was the firm's return on common equity? (Round your answer to two decimal places and state it in percentage form.)
Group of answer choices
26.29%
34.38%
16.18%
37.72%
14.52%
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