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annual interest rate

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Question

a.  How much will $100 grow to if invested at a continuously

compounded interest rate of 11.75% for 9 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Future Value $

b. How much will $100 grow to if invested at an annual interest rate of 11.75% for 9 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Future Value $

 
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If a firm starts the year with receivables of $80,000

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Question

Question

If a firm starts the year with receivables of $80,000 and produces sales for the year of $300,000, what is its

average collection period?

Multiple Choice

and produces sales for the year of $300,000, what is its

average collection period?

Multiple Choice

 
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interest rate

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Question

You believe you will need to have saved $460,000 by the time you retire in 40

years in order to live comfortably. If the interest rate is 5% per year, how much must you save each year to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

 
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If you borrow $2,100 and agree to repay the loan

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Question

a. If you borrow $2,100 and agree to repay the loan in four

equal annual payments at an interest rate of 10%, what will your payment be? 

b. What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year?

 
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