Today is your 20th birthday. Your parents just gave you $5,000 that you plan to use to open a stock brokerace sccount. Your plan is to add 5900 io the acosurs exch year on your birthday. Your first $500 contribution will come one yoar from now on your 21 st birthday. Your 45 th and final $500 concribution wit ocour on yruir s. 5 . birthday. You plan to withdiaw $5,000 trom the account five years from now on your 25 th birthday to take a tro to Eurepe. You also anticipale that you will ineed to withdraw $10,000 from the acoount 10 years from now on your 30 th birthday to take a trip to Asia. You expect that the ococunt win have an averagn annual ratim ef 12 porcent. How much maney do you anticipate that you will have in the account on your 65 th brethday, fotowing your final contrbution? Hint Draw a inne ine to betier understand the problem and use cash outhow (negative sign) and cash inflow (positive sign) to indicate the proper ditecticn of the cash fows. $505,602$566,495$385,863$413,028$457,911 If Cotton Inc. has a ROE=13.9%, equity multiplier =6, a profit margin of 9%, what is the total asset turnover ratio? 3885 .9267 2574 .7506 1526 You have just taken out a 30 -year nvortgage on your new home for $120.000. This morlgage is to be repaid in 360 equal morithly irstalmerta. is zan stated (riminaf) annual interest rate is 10 percent, what is your approximate payoff balance after 24 payments faftor making 24 monthly payments)? 594,725.84 3115.653,52 $109,587,12 5119.33290 5118,59593