9. Suppose you need $1.000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? a) $585.43 b) $614.70 O c) $645.44...

9. Suppose you need $1.000 ten years from now to settle your university<br>education fees. If the interest rate is 5.5%, how much should you deposit<br>today in the bank?<br>a) $585.43<br>b) $614.70<br>O c) $645.44<br>O d) $677.71<br>e) None of the above<br>

Extracted text: 9. Suppose you need $1.000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? a) $585.43 b) $614.70 O c) $645.44 O d) $677.71 e) None of the above

10. Royal Corp's sales last year were $560,000, and its net income was<br>$46,000. What was its profit margin? *<br>O a) 7.41%<br>O b) 7.80%<br>O c) 8.21%<br>O d) 8.63%<br>O e) None of the above<br>

Extracted text: 10. Royal Corp's sales last year were $560,000, and its net income was $46,000. What was its profit margin? * O a) 7.41% O b) 7.80% O c) 8.21% O d) 8.63% O e) None of the above

Jun 06, 2022

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9. Suppose you need $1.000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? a) $585.43 b) $614.70 O c) $645.44...

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