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Five years from today, you plan to invest $3,550 for 6 additional years at 71 percent compounded annually. How much will you have in your
Five years from today, you plan to invest $3,550 for 6 additional years at 71 percent compounded annually. How much will you have in your account 11 years from today? Multiple Choice $5,337.28 $5,454.51 $4,950.83 $6,532.11 $5,357.54 You want to buy a new sports coupe for $75,300, and the finance office at the dealership has quoted you a loan with an APR of 7.7 percent for 36 months to buy the car. a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the effective annual rate on this loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Monthly payment b. Effective annual rate % The tax rates are as shown below: Taxable Income Tax Rate $0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% Your firm currently has taxable income of $80,900. How much additional tax will you owe if you increase your taxable income by $22,100? Multiple Choice $8,619 $7,274 $7.284 $7,664 The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 - 50,000 15% 50,001 -75,000 25% - 75,001 100,000 34% 100,001 335,000 39% What is the average tax rate for a firm with taxable income of $123,013? Multiple Choice 39.00% 36.28% 27.87% 20.00% Samuelson's has a debt-equity ratio of 35 percent, sales of $14,500, net income of $2,200, and total debt of $11,200. What is the return on equity? Multiple Choice 15.17% 5.09% 19.64% 3.50% 6.88%
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