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Question 3: (1 Point) Chris Plumber invested $60,000 for 10 years in an account that pays 3% simple interest. If the interest had compounded annually,
Question 3: (1 Point) Chris Plumber invested $60,000 for 10 years in an account that pays 3% simple interest. If the interest had compounded annually, calculate how much more he could have earned over the life of the investment $2,186 $2,293 $2,635 $3,150 Keep up the great work! Question 4: (1 Point) Mario Kart Inc. has an 11.59 percent profit margin on sales of $60,072. The firm has total equity of $58,000 and total assets of $104,000. Calculate the return on equity. 8 % 10 % 12 % 14 % 16 %
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