The Redding Co has sales of $192,326, operating costs of $71,026, depreciation of $15,000, and debt of $9,000 for which it pays 8% interest. If it is paying taxes at 35% what is its net income?

If Eric wants $19,600 in 7 years, starting with $12,508 today, what interest would he need to earn if he were to use an interest-bearing account? You could just set this up and use algebra although Excel would also work.