Theresa adds $1,500 to her savings account on the first day…

Theresa adds $1,500 to her savings account on the first day of each year. Marcus adds $1,500 to his savings account on the last day of each year. They both earn 6.5 percent annual interest. What is the difference in their savings account balances at the end of 35 years?

Stephanie is going to contribute $160 on the first of each m…

Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will provide a match of 50 percent. In other words, her employer will add $80 to the amount Stephanie saves. If both Stephanie and her employer continue to do this and she can earn a monthly interest rate of .45 percent, how much will she have in her retirement account 35 years from now?

Navarrete, Incorporated, has net income of $62,300, a tax ra…

Navarrete, Incorporated, has net income of $62,300, a tax rate of 21 percent, and a net profit margin of 6.7 percent. Total assets are $1,100,500 and current assets are $328,200. How many dollars of sales are being generated from every dollar of net fixed assets?

Erna Company is expected to pay a dividend of $2.53 one year…

Erna Company is expected to pay a dividend of $2.53 one year from today and $2.68 two years from today. The company’s sales in two years are expected to be $15,750,000. The company has a PS ratio of 1.71 times, and 524,500 shares outstanding. If the required return on the company’s stock is 11 percent, what is the current stock price?