A firm's sustainable growth rate can be calculated using the formula

Sustainable growth rate = (p(S/A)(1 + D/E) x R) / [1 - (p(S/A)(1 + D/E) x R)]

Discuss the relationship between sustainable growth rate and each of the four variables in the above formula.

You are saving up to buy a $10,000 used car. You currently have $5,000 in your savings account, which pays an interest rate of 3%. If you do not put any more money into this savings account, how long will you have to wait before you can buy the used car?

If you save $200 per month for 10 years at 12% annual percentage rate with monthly compounding,

what is the future value annuity factor?

Suppose that you have a choice between receiving $10,000 now and receiving $1000 per month for the next 12 months. Assuming that you can invest at a 12% annual percentage rate (APR) with monthly compounding, what is

the present value annuity factor?