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is the first one correct? and please answer the other three. thank you so much. Question 1 (0.8 points) Saved Which one of the following
is the first one correct? and please answer the other three. thank you so much.
Question 1 (0.8 points) Saved Which one of the following best matches the primary goal of financial management? 1) Transforming fixed costs into variable costs 2) Increasing the dollar amount of each sale 3) Increasing traffic flow within the firm's stores 4) Maximizing shareholders' wealth 5) Increasing the firm's current profit Question 5 (0.8 points) You want to buy a house in 7 years and expect to need $40000 for a down payment. If you have $14000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) Your Answer: Answer Your grandmother has invested $10000 in a mutual fund each year on your birthday (she made her first payment when you turned 1 year old). The mutual fund has grown at an annual interest rate of 6.8%. How much is your account worth on the day of your 21st birthday immediately after your grandmother's deposit? Your Answer: Answer You are planning your retirement and you come to the conclusion that you need to have saved 1000000in 30 years. You can invest into an retirement account that guarantees you a 13% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your Step by Step Solution
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