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Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are
Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this information, Nirav: could have deposited less money today and still had $5,000 in four years if the account paid a higher rate of interest. has an account currently valued at $5,000. will earn the same amount of interest each year for four years. will earn simple interest on his savings every year for four years. could earn more interest on this account if the interest earnings were withdrawn annually. Jones Inc. has sales of $1,000,000, total assets of $1,800,000, and a profit margin of 6 percent. The firm has a total debt ratio of 25 percent. What is the return on equity? 4.4% 3.3% 6.0% 3.6%
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