A business has non-current liabilities of £600 000 and a gearing ratio of 40%. It then takes out a long-term loan of £250 000 from the bank.
Calculate its new gearing ratio after taking out this bank loan.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?