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17-Nick invests $3,000 in an account that pays 5% simple interest. How much more could he have earned over a 7-year period if the interest

17-Nick invests $3,000 in an account that pays 5% simple interest. How much more could he have earned over a 7-year period if the interest had compounded annually?

Select one:

a. $171.30

b. $129.20

c. $221.30

d. $122.20

e. $147.80

18-Mains Store is evaluating a project which will increase annual sales by $70,000 and annual costs by $40,000. The project will initially require $100,000 in fixed assets which will be depreciated straight-line to a zero book value over the 5-year life of the project. The applicable tax rate is 34%. What is the operating cash flow for this project?

Select one:

a. $46,400

b. $26,600

c. $46,600

d. $26,400

e. $30,000

19-The semiannual, 12-year bonds of IBM are selling at par and have an annual yield of 4.6%. What is the amount of each interest payment if the face value of the bonds is $1,000?

Select one:

a. $22.75

b. $23.27

c. $22.50

d. $23.50

e. $23.00

-Just the correct Letter for each question, without any any any explanation at all, please! And I'll put a Like. But don't explain the answers -Just answer the questions if you're 100% sure about the correct answers, please!

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