QUESTION 20 The residual income of the firm belongs to: creditors. preferred stockholders. common stockholders. bondholders QUESTION 21 What is the Present Value of an ordinary Annuity paying $200 per month, for 24 months, at 1.5% interest per month? $4,006.08 $5,328.10 $6,884.87 $9,642.75 QUESTION 22 You doubled your money in 5 years. What compound interest rate per year did you earn? 2.22% 4.92% 7.27% 14.87% QUESTION 23 You have $2,000 today. What is the Future Value of this $2,000 in 15 years assuming an annual appreciation rate of 7.5%? $2.075.85 $2,078.45 $2,080.22 $5,917.76 QUESTION 24 You owe $10000 in your credit card. Assuming no more purchases, how long will it take to pay off the debt if you make $150 payments each month. Interest rate is 1% per month. 4 months 5 months 110.41 months 273.55 months QUESTION 25 You are prepared to make payments each year of $2000 into an account that pays 5% annually. How many payments will you have made when your account balance reaches $100,000? 10.7 years 25.7 years 33.5 years 100.22 years