You need $25,000 for the down payment on your home. You presently have $7, 500 in savings for which you expect to earn 5.75%. If you don't add any further amounts to this account, how long before you will accumulate enough to meet your down payment requirement and buy the home? a) 21.5 Years b) 15.6 Years c) 23.8 Years d) 19.0 Years e) 28.8 Years Which of the following are not included in current liabilities? I. note payable to a supplier in eight months II. amount due from a customer in 30 days III. account payable to a supplier that is due next week IV. loan payable to the bank in sixteen months a) I and III only b) II and IV only c) I, II, and Ill only d) I, III and IV only e) l, II, III, and IV You are considering the purchase of a new Lexus automobile, whose price tags is $409, 256. You can make a down payment of $15,000.00 and the remaining balance over 3 years (36 months) at 4.5%. You wonder if you can afford the monthly payments. How much will the monthly payment be a) $1, 036 b) $1, 019 c) $783 d) $889 e) $676 Ben wants to begin accumulating an emergency fund in case he loses his job. He will save $250.00 at the end of each month and can invest to earn an annual return of 4, 50%. He believes his job is not at risk for the next 10 years. How much will he have in his account in 10 years? a) $31, 376.58 b) $28, 476.88 c) $23, 732.55 d) $37, 799.51 e) $41, 084.12