Finance

1.      A bulk materials hauler purchased a used dump truck for $50,000. The operating cost was $5000 per month, with average revenues of $7500 per month. After 2 years, the truck was sold for $ 11 ,000. The rate of return was closest to (a) 2.6% per month (b) 2.6% per year (c) 3.6% per month (d) 3.6% per year

2.      Assume you are told that by investing $100,000 now, you will receive $10,000 per year starting in year 5 and continuing forever. If you accept the offer, the rate of return on the investment is (a) Less than 10% per year (b) 0% per year (c) 10% per year (d) Over 10% per year

Don't use plagiarized sources. Get Your Custom Essay on
Finance
Just from $13/Page
Order Essay

Five years ago, an alumnus of a small university donated $50,000 to establish a permanent endowment for scholarships. The first scholarships were awarded I year after the money was donated.

If the amount awarded each year (i .e., the interest) is $4500, the rate of return earned on the fund is closest to (a) 7.5% per year (b) 8.5% per year (c) 9% per year (d) 10% per year

 

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.