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46 A person is planning to open a savings account with the intent to buy a house in five years. They will invest an equal
46 A person is planning to open a savings account with the intent to buy a house in five years. They will invest an equal amount each month for five years. This account will earn 6% per year (.5% per month) and will have $300,000 at the end of the five-year term. What is the amount of the monthly investment? Round your answer to the nearest dollar. $5,296 $4,300 $4,169 $4,435 29 A firm has a net income of $68.0 million and pays out $9.1 million in dividends. The firm has total assets of $987 million and total liabilities of $559 million. What is the firm's sustainable growth rate, given this information? Round your answer to two decimal places. 17.51% 13.76% 11.21% 19.11%
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