Question
Please explain how to get each of these answers. 22. Calpers Pension Fund offers an annuity to CSU, Chico retiring professors. For a deposit of
Please explain how to get each of these answers.
22. Calpers Pension Fund offers an annuity to CSU, Chico retiring professors. For a deposit of $150,000 into this fund at age 65, the fund will pay the retiring professor $1600 a month for 25 years. What is the EAR on this annuity? Answer: 12.95%
24. Chester Fluffy Pants maintains an operating profit margin of 6%, asset turnover ratio of 4, debt to equity ratio of 1.5 and a debt burden ratio 75%. What are Chester fluffy pants ROA? Answer: 24%
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The Financial Services Marketing Handbook
Authors: Evelyn Ehrlich
2nd Edition
1118065719, 978-1118065716
