Question Completion Status: Moving to another question will save this response. Question 2 Simple interest refers to the money earned on interest as well as the initial principal. True False A Moving to another question will save this response. Moving to another question will save this response. Question 4 Social responsibility by the firm should not be considered given the objective of wealth maximization True False A Moving to another question will save this response Moving to another question will save this response. Question 5 Today's financial manager is a part of the total company effort to create value True False Moving to another question will save this response. Blackboard XC OD Completion Remaining Time: 09 minutes, 38 seconds Question Completion Status: Close Window Moving to another question will save this response Question 6 of 23 estion 6 3 points Save Answer Ammar is planning to buy a car after he finishes his study in 6 years. The estimated price of the car in 6 years is $60,000. At present Ammar has $37 000, which he can invest in an accou Using compound interest concept calculate the amount of money Ammar will have in 6 years Will he be able to purchase the car? ANSWER YES OR NO only How much money he has to deposit now (present value) in order to have just enough amount for the price of the car? Calculate the equal deposit amount Ammar has to make if he plans to deposit the money at the end of every year PROVIDE YOUR ANSWERS UP TO TWO DECIMAL POINTSIL Moving to another question will save this response Question 6 of 23 Close Window