A person desires to accumulate $2,500 over a period of 7 years so that a cash payment can be made for a new roof on a summer cottage (first payment at time-0, followed by 7 years of investment). To have this amount when it is needed, annual payments will be made to a savings account that earns 8% annual interest per year. How much must each annual payment be

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?