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Please solve step by step on how to slove each question and how to do on a finance calculator, thank you! 2. What is the
Please solve step by step on how to slove each question and how to do on a finance calculator, thank you!
2. What is the value ofthe following cash flows at the end ofthe fourth year? Assume an interest rate of 8%. Year Cash flow $350 $500 $725 $400 4 a) $2,384 b) $1,622 c) $2,687 d) $2,207 e) $1,975 Dan's Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $318. What is the value of the quick ratio? 3. a).89 b).71 c).53 d) 2.25 e) 1.35 4. If your firm had taxable income of $18,000,000 in 2017, what will be the firm's tax liability? a) $6,120,000 b) $6,188,250 c) $6,290,000 d) $6,300,000 e) $6,200,000 Jack and Diane want to buy a house that sells for $120,000. They will pay $20,000 in cash and finance the rest for 30 years. The loan rate is 8.25%. If their payments begin one month from now, what will their 5. monthly payments be? a) $725.01 b) $901.52 c) $757.76 d) $825.45 e) $751.27 6. What is the future value of $1,000 received at the beginning of each year, for the next 10 years? You earn 5.625% on your investment. e) $13,679.45 a) $12,259.63 b) $12,950.96 c) $14,495.48 d) $14,782.15Step by Step Solution
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