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midterm
(TCO G) The DuPont Identity expresses the firm’s ROE in terms of
Question 3. Question : (TCO B) If today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years? Show your work.
Question 4. Question : (TCO B) You take out a 5 year car loan for $20,000. The loan has a 5% annual interest rate. The payments are made monthly. What are the monthly payments? Show your work.
Question 5. Question : (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.