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The goal of a financial manager is to: Select one: a. Maximize sales b. Maximize profits c. Maximize the value of the firm with both

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The goal of a financial manager is to: Select one: a. Maximize sales b. Maximize profits c. Maximize the value of the firm with both bond and stock holders d. Maximize the value of shareholders e. None of the above You have borrowed a loan of $20,000 from a bank to buy a car from Chase at the interest rate of 7.5% each year. You have promised Chase to make annual mortgage style payments. If you want to borrow this loan for three years, what is the beginning balance in year 2? Select one: O a. $20,000.00 b. $18,850.00 c. $ 12,309.25 d. $ 13,809.25 e. None of the above

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