DEVRY FIN 515 Week 4 Midterm
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FIN 515 Week 4 Midterm 1 . ( TCO G ) The firm ’ s asset turnover measures
2 . ( TCO G ) Suppose Novak Company experienced a reduction in its ROE over the last year . This fall could be attributed to
3 . ( TCO B ) You plan on retiring in 20 years . You currently have $ 275,000 and think you will need $ 1,000,000 to retire . Assuming you don ’ t deposit any additional money into the account , what annual return will you need to earn to meet this goal ?
4 . ( TCO B ) You take out a 4 year car loan for $ 18,000 . The loan has a 4 % annual interest rate . The payments are made monthly . What are the monthly payments ? Show your work
5 . ( TCO B ) You currently have $ 10,000 in your retirement account . If you deposit $ 500 per month and the account pays 5 % interest , how much will be in the account in 10 years ? Show your work .
6 . ( TCO B ) You have a two children , A and B . Child A is not going to college but is working in a business to learn the ropes . Child A plans on opening a business someday . Child B is attending college . You put a certain amount of money into an