Which of the following is NOT CORRECT? a. The present value of a 5-year, $100 annuity due will exceed the present value of a 5-year, $100 ordinary annuity. b. The proportion of the payment of a fully amortized loan that goes toward interest declines over time. c. If there is annual compounding, then the effective, periodic, and nominal rates of interest are all the same. d. An investment that compounds interest semiannually, and has a nominal rate of 10%, will have an effective rate less than 10%. e. If a loan has a nominal rate of 10%, then the effective rate can never be less than 10%.

Marvin wrote a check of $58.25 for the water bill and $450 for rent. he also made a deposit of $124.16. how much is his new balance after writing the checks and making the deposit?

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Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $