1.Gerold invested $6,200 in an account that pays 5 percent simple interest. How much money will he...

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1.Gerold invested $6,200 in an account that pays 5 percent simple interest. How much money will he have at the end of ten years?

2.You own a classic automobile that is currently valued at $147,900. If the value increases by 6.5 percent annually, how much will the automobile be worth ten years from now?

3.You have just received notification that you have won the $1.4 million first prize in a Lottery. However, the prize will be awarded on your 100th birthday and you are now 22 years old. The appropriate discount rate is 8 percent. What is the present value of your winnings?

4.You expect to receive $12,000 at graduation in 3 years. You plan on investing this money at 13 percent until you have $75,000. How many years will it be until this occurs?

6.Your employer contributes $75 a week to your retirement plan. Assume that you work for your employer for another 20 years and that the applicable discount rate is 7.5 percent. Given these assumptions, what is this employee benefit worth to you today?

7.First Century Bank wants to earn an effective annual return on its consumer loans of 10 percent per year. The bank uses daily compounding on its loans. By law, what interest rate is the bank required to report to potential borrowers?

8.Fourteen years ago, your parents set aside $7,500 to help fund your college education. Today, that fund is valued at $26,180. What rate of interest is being earned on this account?

9.On your thirteenth birthday, you received $650 which you invested at 3.5 percent interest, compounded quarterly. Your investment is now worth $1,025. How old are you today?

10.Russell's Deli has cash of $136, accounts receivable of $95, accounts payable of $210, and inventory of $409. What is the value of the quick ratio?

11.The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 4.80 percent. What is the return on assets?