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Unformatted text preview: was to accumulate $100,000 at the end of the 10 th year? You have estimated that you can earn 6% annually. 5. How many years would it take you to double your money assuming you could earn 6% compounded annually? 6. You have just been informed that you have won the lottery. You have 2 choices. You can either take a lump sum payment of $1,000,000 today or $75,000 per year at the end of each year for 20 years. You assume that your could earn 7%? Calculate which option would be the best choice using present value analysis? 7. What is the Profit Margin given the following: Return on Equity =10% Total Assets=$1,000,000 Total Asset Turnover =1.5 Total Equity = $750,000...
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This test prep was uploaded on 04/12/2008 for the course BUS 320 taught by Professor Sloan during the Fall '08 term at N.C. State.
 Fall '08
 sloan
 Debt, Sales

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