Question
1. Which one of the following statements correctly applies to a sole proprietorship? Group of answer choices The owner's personal finances would most likely be
1.
Which one of the following statements correctly applies to a sole proprietorship?
Group of answer choices
The owner's personal finances would most likely be considered as part of the application for a small business loan.
The business entity has an unlimited life.
The owner enjoys limited liability for the firm's debts.
The ownership can easily be transferred to another individual.
The company could readily obtain debt financing in the public capital markets.
2.
An analyst invests $1,000 for ten years. For the first five years of this period, he receives an annual interest rate of 3%, compounded annually. For the second five-years, he receives an interest rate of 2%, compounded annually. How much does he have at the end of the 10-year period?
Group of answer choices
$1,280.08
$1,281.46
$1,279.93
$1,410.43
$1,343.28
3.
An analyst has $3,000 to invest and wants to have $5,000 in five years. What level of return (i.e. what interest rate) must she earn each year to achieve her goal?
Group of answer choices
13.3%
9.7%
9.5%
10.8%
11.4%
4.
At 10 percent interest, how long does it take to quadruple your money?
Group of answer choices
14.33 years
14.55 years
15.36 years
15.11 years
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