Michal has just received $5,000. He plans to invest this money at 6.5 percent, compounded annually, until he has $50,000. At that time he plans to donate all of this money to Kids-Free foundation. How long from now will it be until he can make this donation?

A.

36.57 years

B.

50 years

C.

37.57 years

Jordan Artificial Foods has total assets of $789,400, long-term debt of $198,375, total equity of $364,182, net fixed assets of $512,100, and costs of goods sold of $121,500. The profit margin is 2.7 percent. What is the current ratio?

A.

1.22

B.

1.40

C.

0.95

Your uncle paid $7,800 for 150 shares in a new company 12 years ago. Every year the price of this companys shares has appreciated by 14 percent. What is the current value of those 150 shares?

A.

$37,579.66

B.

$40,023.03

C.

$39,580.92