1.You plan to retire in 23 years and would like to have $600,000 in a retirement account the day you retire. If you can earn 6.4% per year, how much do you need to deposit in the account today in order to have the desired amount in the retirement account the day you retire? Round to the nearest cent.

2. Jill just turned 30. After consulting a financial planner and laying out her retirement goals, she calculates that she will need to have a balance of $450,000 in her retirement account to supplement social security she plans to start collecting when she turns 67. She plans to start saving immediately and to invest her funds in a market index fund that is expected to have an annual return of 2% over the 37 years she will be saving money for retirement. How much money does Jill need to save and invest every month in order to reach the necessary balance in her retirement account by the time she retires at age 67? Round to the nearest cent

3. Revenues-$194,000

Cost of sales -$132,600

Selling, general, admin expense - $36,400

Depreciation- $8,500

Interest expense- $2,300

Tax expense--

Net income--

The table above contains select income statement items for XYZ corp for the current year. Based on the information above, and assuming a tax rate of 34%, calculate the retained earnings balance for the current year. Last years retained earnings were $45,700 and the company paid $12,500 in dividends this year. Round to the nearest dollar.

4.During the most current year, XYZ corp paid $55,140 in interest and $85,910 in dividends. In order to fund a large expansion, the company also raised $393,000 in new stock and borrowed $197,000 via the bond market, though a portion of new borrowing was used to pay back $150,000 in bonds that were maturing this year. Calculate the cash flow to creditors.

5. What would an investor be willing to pay for a preferred stock with a constant annual dividend of $2.90 if the required rate of return for the investor is 12% ? Round to the nearest cent.

6. A stock just paid a dividend of $2.20 and is expected to grow its dividends indefinitely at a constant annual growth rate of 3.6%. Using a required rate of return of 8% calculate the current fair value for this stock. Round to the nearest cent.

7. What is the coupon rate on a corporate bond with the face value of $1000, semi-annual coupon of $32 and which is being quoted at $101.64 ?Enter answer in percentage rounding to nearest single digit after decimal point

8. Jared can afford to make a monthly car payment of $310 for the next 48 months. If his bank charges annual interest rates of 7%, approximately how much money can Jared afford to borrow from his bank to buy a car? Round to nearest dollar

9. Adam wants to buy a condo in Houston, Texas. The price of the condo is $300,000. Adam plans to make a 10% down payment and finance the rest of the purchase with a 15 year mortgage. What will be his monthly mortgage payment to the nearest dollar if the 15 year mortgage rate is 4.5%?

10. Revenues-$181,000

Cost of sales -$105,600

Selling, general, admin expense - $33,400

Depreciation- $15,500

Interest expense- $2,300

Tax expense--

Net income- -

The table above contains select income statement items for XYZ corp for the current year. Based on the information above, and assuming a tax rate of 31%, calculate the net income for the current year. Round to the nearest dollar.

11.What would an investor be willing to pay for a preferred stock with a constant annual dividend of $20 if the required rate of return for the investor is 11% ? Round to the nearest cent.

12.You plan to retire in 16 years and would like to have $200,000 in a retirement account the day you retire. If you can earn 6.1% per year, how much do you need to deposit in the account today in order to have the desired amount in the retirement account the day you retire? Round to the nearest cent.

13.A movie start purchased an apartment in the exclusive Dakota building in NY for $67,000 in 1970. How much will the apartment be worth in 2016 (46 years later) if the price appreciated by 6.8% per year? Round to the nearest dollar

14.What is the present value of $2000 to be received 22 years from today assuming a discount rate of 3.58% ? Round to the nearest penny

15. Calculate ROE for a firm with net income of $10,210 and total equity of $78,400

16. Amanda wants to be able to have yearly withdrawals of $25,000 from her retirement account for a period of 30 years starting a year after she turns 65. If she is able to earn a yearly rate if return of 7% in her retirement account during the 30 years of her retirement, what must be the approximate balance in her account on her 65^th birthday?

A-$750,000

B-$357,143

C-$310,226

D-$802,500

17. You plan to retire at the age of 67 and would like to have enough money in your retirement account for yearly withdrawals of $27,000 over 30 years. Assuming you are able to earn a yearly Rate of return of 7% in your retirement account during the 30 years of your retirement, what must be the approximate balance in your retirement account when you turn 67?

18. During the most current year, XYZ corp paid $54,140 in interest and $76,530 in dividends. In order to fund a large expansion, the company also raised $383,000 in new stock and borrowed $186,000 via the bond market, though a portion of new borrowing was used to pay back $169,000 in bonds that were maturing this year. Calculate the cash flow to creditors.

19. Calculate the current ratio for a firm with net working capital of $3,640 and current assets of $10,430. Round to the nearest second digit after decimal point.