F.E

19. You have $100,000 in a saving account earning 8.5 percent per year. You now want to make 11 equal yearly withdrawals depleting the saving account. How much are your withdrawals? Answer to the nearest cent, xxx.xx and enter without the dollar sign.

20. With sales of $298,553, total assets of $127,311, profit margin of 4.2%, and equity multiplier of 1.5, what would be the ROE? Convert the profit margin rate to a percent and report it to the nearest hundredth as in xx.xx % but not entering the percent sign. You would need to calculate the rate to four places before multiplying by 100 to convert to a percent.