As a college student, you work out a deal with your local bank such that you borrow $12,000 on the day you start college. The terms of the loan include an interest rate of 5%. The terms also stipulate that the principle is due in full one year after you graduate. Interest is to be paid annually at the end of each year. If you complete college in four years, how much total interest will you pay to the bank? O $2,410 $3,000 $2,586 O $600 $3,315 You will be receiving $5,000 from your family as a graduation present. You have decided to save this money for your retirement. You plan to retire thirty-five years after graduating. How much additional money will you have at that time if you can earn an average of 8.5% on your investment instead of just 8%? $13,008.47 $13,309.85 $12,971.49 $13,123.93 $13,234.44 If a firm is operating at full capacity, the firm is: Multiple Choice Operating 24 hours a day. Generating the maximum level of sales given the current level of inventory Producing the maximum level of sales given the current level of fixed assets. O Operating at the highest possible debt- equity ratio. O Generating the maximum amount of sales given the available level of cash