1.

In a general partnership, each partner is personally liable for:

Group of answer choices

his or her proportionate share of all partnership debts regardless of which partner incurred that debt.

the partnership debts that he or she created.

the total debts of the partnership, even if he or she was unaware of those debts.

the debts of the partnership up to the amount he or she invested in the firm.

all personal and partnership debts incurred by any partner, even if he or she was unaware of those debts.

2.

How much would you need to invest today to have $10,000 available 10 years from now if you are able to earn 4% interest on your initial investment?

Group of answer choices

$6,000

$6,830

$6,756

$6,950

$9,960

3.

If today is year 0, what is the future value of the following cash flows 9 years from now? Assume an interest rate of 7.80% per year.

Group of answer choices

$40,823

$37,869

$35,212

$42,322

4.

A investment analyst had $40,265 after achieving a 28% return each year for four years. How much did the analyst initially invest to accumulate this amount?

Group of answer choices

$15,500

$16,500

$14,000

$15,000

$14,500