QUESTION 27 You are shopping around for the savings account that will pay you the most interest. Credit Union in Brownsville offers savings accounts that pay 10% compounded monthly. Chase Bank offers savings accounts that pay 10% compounded daily. Which bank should you choose to deposit your money in? C Chase Bank C Credit Union C They are equivalent None of the answers are correct QUESTION 28 Air Atlantic (AA) has been offered a jet airliner under a 12-year lease arrangement. The lease requires AA to make annual lease payments of $500,000 at the end of each of the next 12 years. Determine the present value of the lease payments if the opportunity cost (required rate of return) of funds is 14%. C$2,830,146 C$13,635,500 C$6,000,000 C $3,226,367 QUESTION 30 What is the return on stockholders' equity (ROE) for a firm with a net profit margin of 5.2%, sales of $620,000, an equity multiplier of 1.8, and total assets of $380,000? C 8.48% C 5.74% C 15.27% C 9.36% QUESTION 32 You would like to have $4,500,000 when you retire 50 years from today. You can earn and APR of 5%, compounded monthly on your investments. How much would you need to invest at the beginning of each month until you retire to accomplish this goal? C$1686.24 C$1679.25 C $1654.85 $1634.21 C$1600.00 QUESTION 33 Your parents purchased a farm 46 years ago at a cost of $6,200. Today, that farm could be sold to a land developer for $4,900,000. What was the annual percentage increase in the value of the farm? C 15.61% C 12.42% C 9.70% C 19.50% None of the other choices are correct