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Assume your mother invested a lump sum 28 years ago at 4.05 percent interest, compounded annually. Today, she gave you the proceeds of that investment, totaling $48,613.24. How much did your mother originally invest?

Which one of the following grants an individual the right to vote on behalf of a shareholder?

Your insurance agent is trying to sell you an annuity that costs $50,000 today. By buying this annuity, your agent promises that you will receive payments of $465 per month for 15 years. What is the rate of return expressed as an APR on this investment?

Bob has been investing $2,750 in stock at the end of every year for the past 12 years. If the account is currently worth $64,800, what was his annual return on this investment?

Four years ago, Lucas invested $500. Three years ago, Matt invested $600. Today, these two investments are each worth $800. Assume each account continues to earn its respective rate of return and interest is compounded annually. Which one of the following statements is correct concerning these investments?

Your grandparents put $11,000 into an account so that you would have spending money in college. You put the money into an account that will earn an APR of 4.35 percent compounded monthly. If you expect that you will be in college for 4 years, how much can you withdraw each month?

Seitz Tooling is currently operating at 82 percent of capacity. All costs and net working capital vary directly with sales. The firm currently has $42,700 of net fixed assets. What is the amount of pro forma net fixed assets for next year if sales are projected to increase by 7 percent?

Billings Incorporated has net income of $161,000, a net profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days’ sales in receivables?

The price-sales ratio is especially useful when analyzing firms that have:

Fifth Fourth National Bank has a savings program which will guarantee you $16,000 in 14 years if you deposit $75 per month. What APR is the bank offering you on this savings plan?