Please answer questions with the work shown, or explanation not just the correct answer, thank you.

1. What is the goal of financial management for a sole proprietorship? (A) Maximize net income given the current resources of the firm B) Decrease long-term debt to reduce the risk to the owner C Maximize the market value of the equity D) Minimize the tax impact on the proprietor W 053 8. Currently your student loans charge you 5.3% APR, compounded monthly. You have a $20,000 outstanding balance and you get an opportunity to consolidate. The offer is for/5.4% APR, compounded annually, there are no fees involved. Which one is better for you? A) 5.3% APR, compounded monthly is better opst 71. These two options are the same 5.4% APR, compounded annually is better D) I do not know 389,708.41 12 compound 12 5,3% APR 25. You want to buy a new sports coupe for $84,609, and the finance office at the dealership has quoted you a 7.1 percent APR loan for 48 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? A) $2,017.84; 7.24 percent B) $2,029.78; 7.34 percent o $2,017.84; 7.29 percent $2,017.84; 7.34 percent $2,029.78; 7.29 percent D)