A.3: T B 3:T Goshen Industrial Sales has sales of $828,900, total equity of $539,200, a profit margin of 4.6 percent, and a debt-equity ratio of 0.55. What is the return on assets? A. 3.89 percent B. 4.56 percent C. 6.67 percent D. 12.86 percent 2. 3. Alumni of Brooklyn College would like to start a fund that will pay annual scholarship of $15,000 forever starting one year from now. How much should he deposit into this fund today if the fund can earn 6% annually? A. $14,150.94 B. $15,900 C. $250,000 D. Infinite amount that never exhausts When comparing savings accounts, you should select the account that has the: A lowest annual percentage rate 4. B. lowest effective annual rate C. highest stated rate D. highest effective annual rate 5. Which one of the following qualifies as an annuity? A. Weekly grocery bill B. Clothing purchases C. Car repairs D. Auto loan payment E. Medical bills 6. Which one of the following is an example of a perpetuity? A. Trust income of $1,200 a year forever B. Retirement pay of $2,200 a month for 20 years C. Lottery winnings of $1,000 a month for life D. Car payment of $260 a month for 60 months E. Apartment rent payment of $800 a month for one year Which one of the following has the highest effective annual rate? A. 6 percent compounded quarterly B. 6 percent compounded weekly C. 6 percent compounded continuoushy D. All the answers have the same effective annual rate Today, you are borrowing $13,800 to purchase a car. What will be your monthly payment amount if th four years at 7.5 percent interest? A $298.40 B. $321.15 C. $333.67 D.$380.24