Tom can afford mortgage payments of $2350 a year for 30 years. The bank will lend him money to buy the house at 5.00%. How much money can he afford to borrow?

A.$50,843.65

B.$36,125.26

C.$49,625.34

D.$61,115.24

if you will contribute $4500 per annum into your retirement account that pays 8% interest rate. How large will your retirement account be in 45 years if you first deposit will be made 1 year from now?

A.$1,739,275.28

B.$1,653,428.43

C.$15,483,237.74

D.$1,79,5524.28

Which of the followings bond might has the lowest yield at the same maturity?

A.Australia Government bond

B.Australia A corporate bond

C.Australia AAA corporate bond

D.Queensland Treasury corporate bond

A2 milk is growing quickly, investors would expect $3 dividend next year and $3.5 dividend year after. If the dividend grow rate will be 5% after the first 2 years and the required return is 10%, what is the current share price if it just paid $2 dividend.

A.$72.44

B.$66.36

C.$74.28

D.$64.27

Alison wants to receive $2 000 every year in retirement.If Alison's retirement is for 30 years, and the interest rate in her retirement is 8% per year, how much will she need to have when she retires?

A.$20 125

B.$226 566

C.$22 516

D.$19 875

B company has a D/E ratio of 1. The return on assets is 10% and total equity is $3 million. What is the net income?

A.1.2 million

B.0.9 million

C.0.6 million

D.0.3 million