DEVRY FIN 515 Week 4 Midterm
Check this A + tutorial guideline at
http:// www. assignmentclick. com / fin- 515-devry / fin-515-week-4-midterm
For more classes visit http:// www. assignmentclick. com
FIN 515 Week 4 Midterm 1.( TCO G) The firm’ s asset turnover measures
2.( TCO G) Suppose Novak Company experienced a reduction in its ROE over the last year. This fall could be attributed to
3.( TCO B) You plan on retiring in 20 years. You currently have $ 275,000 and think you will need $ 1,000,000 to retire. Assuming you don’ t deposit any additional money into the account, what annual return will you need to earn to meet this goal?
4.( TCO B) You take out a 4 year car loan for $ 18,000. The loan has a 4 % annual interest rate. The payments are made monthly. What are the monthly payments? Show your work
5.( 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.
6.( TCO B) You have a two children, A and B. Child A is not going to college but is working in a business to learn the ropes. Child A plans on opening a business someday. Child B is attending college. You put a certain amount of money into an