I’m having trouble with these homewrok questions: And could someone show the work for these?
1.
Bank A pays 8.6 percent compounded weekly on all deposits. What is the effective rate?
| A. |
8.436% |
| B. |
8.322% |
| C. |
8.031% |
| D. |
8.973% |
| E. |
8.839% |
| F. |
8.192% |
| G. |
8.668% |
| H. |
9.089% |
2.
ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $18,000. Its total debt is $45,000 and total equity is $84,000. Last year, ICC paid dividends of $6,000. If the total debt ratio remains constant and the company grows at the sustainable growth rate in the coming year, how much new borrowing will take place?
| A. |
$16,200 |
| B. |
$7,500 |
| C. |
$12,750 |
| D. |
$30,250 |
| E. |
$20,357 |
| F. |
$9,882 |
| G. |
$27,720 |
| H. |
$25,385 |
3.
You opened an account with an investment of $51,000. The value of the account quadrupled in 18 years. If interest was compounded quarterly, what rate per quarter did you earn on the account?
| A. |
1.6640% |
| B. |
1.3165% |
| C. |
1.4545% |
| D. |
1.8479% |
| E. |
1.1510% |
| F. |
2.3374% |
| G. |
1.5376% |
| H. |
1.9441% |
