ABC Corp. is purchasing new equipment with a cash cost of $$95,000$ for an assembly line. The manufacturer has offered to accept $$22,960$ payment at the end of each of the next six years. How much interest will ABC Corp. pay over the term of the loan?

A$.$ $$22,960.$

C$.$ $$42,760.$

B$.$ $$100,000.$

D$.$ $$37,760.$

Lily wants to set aside funds to take an around the world cruise in six years. Assuming that Jane has $$5,000$ to invest today in an account expected to earn $4\%$ per annum, how much will she have to spend on her vacation

A$.$ $$3,960.$

C$.$ $$6,327.$

B$.$ $$6,312.$

D$.$ $$6,691.$

If you buy shares of META on the secondary market:

A$.$ META receives the money because the company has issued new shares.

B$.$ You buy the shares from another investor who decided to sell the shares.

C$.$ You buy the shares from the New York Stock Exchange.

D$.$ You buy the shares from the Federal Reserve.

Rome wants to have $$500,000$ in his savings account when he retires. How much must he put in the account now, if the account pays a fixed interest rate of $8\%,$ to ensure that he has $$500,000$ in $20$ years times?

A$.$ $$107,274$

C$.$ $$231,480$

B$.$ $$74,320$

D$.$ $$180,884$

You would like to travel the world $5$ years' time. You expect the trip to cost $5000.$ If interest rates are $9\%,$ how much would you need to invest today to fund the proposed trip?

A$.3250$

C$.5400$

B$.3403$

D$.4320$

If a company's earnings per share is $$20$ and it has a share price of $$600,$ what is the $\frac{P}{E}$ ratio?

A$.30$

C$.70$

B$.50$

D$.25$

If you invest $$50,000$ in a savings account paying $6\%$ per annual., the lump sum amount you will have accumulated after five years is closest to:

A$.$ $$50,250.$

C$.$ $$66,911.$

B$.$ $$63,124.$

D$.$ $$67,443.$

Manufacturer A has a profit margin of $2\mathrm{.}2\%,$ an asset turnover of $1\mathrm{.}7$ and an equity multiplier of $6\mathrm{.}0.$

$2$