Question
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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