QUESTION 4 Liquidity is the ease of converting an asset to cash C without significant loss of value C regardless of value gain/loss C in a recessionary period C in an expansionary period QUESTION 5 You recently contributed $125,000 to the Department of Economics & Finance at UTRGV to start an annual scholarship in your name for finance majors forever. If the fund can earn 5.75% annually, how much in annual scholarship money does your donation provide? (round to the nearest whole dollar) C $7,188 C$2,173,913 C$718,750 C$7,214 QUESTION 7 Today, you use your credit card to buy a television for $1,600. You plan to make only the minimum payment of $40 per month. If the interest rate for the credit card is 1.5% per month, how long will it take for you to pay off your balance, assuming you make no new purchases? C40 months C 85.25 months C 61.54 months C36.22 months QUESTION 8 During 2011, Ping, Inc. reported Sales of $1,500,000. Cost of goods sold, selling expenses, and depreciation were $600,000, $150,000, and $200,000, respectively. Ping has no debt and their tax rate is assumed to be 35%. Calculate Ping's operating cash flow for 2011. C$550,000 C$750,000 C$357,500 C$557,500 QUESTIONS How much would you pay for an investment that paid you $2.50 at the end of each three-month period in a year for 10 years? The investment yields 11% compounded quarterly. $22.37 C$40.80 $52.03 C $60.20 CS100.00 QUESTION 10 How much would you have in an account at the end of 50 years if you deposit $1000 today? The account pays 12% APR compounded semiannually. You will not make any additional deposits $100,000.00 C$339,302.08 $289,002.19 C$18,420.15 C$115,125,903.90