6, Jeremy is in the process of purchasing a car. The list price of the car is $37.800, if Jeremy pays cash for the car. Otherwise, the dealer will provide financing where Jeremy must pay S$ 900 at the end of each of the next five years. Compute the effective interest rate to the nearest percent that Jeremy would pay if he chooses to make the five annual payments? a 5% b6%. c. 7%. d. 8%. 7. How many years does it take for your $10,000 to double if you invested it into an account with annual rate of return of 5% (round to the nearest whole number)? a. 11 b. 13 d. 17 8. Jerry recently was offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of $23,000 payable on the first day of work or a signing bonus of $26,000 payable after one year of employment. Assuming that the relevant interest rate is 10%, which option should Jerry choose? a. The options are equivalent b. Insufficient information to determine. c. The signing bonus of $23,000 payable on the first day of work. d. The signing bonus of $26,000 payable after one year of employment. 9. For a typical manufacturing company, the most common critical point for recognizing revenue is the date: a. An order is received. b. Production is completed. c. The product is delivered. d. Payment is received. 10. On June 14, Lucy & Bros received an order for 500 cupcakes. Lucy delivered the cupcakes to the client on June 25. A $50 deposit was received on June 5 and the remaining $450 was paid on June 30 h. Lucy likely would recognize revenue on a. June 15 b. June 5th c. June 25th d. June 30