BUS5602Quiz01

# BUS5602Quiz01 - USER HOME Message Board COURSE HOME...

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USER HOME COURSE HOME COMMUNICATE STUDY RESOURCES LOGOUT Message Board : Chat Room : Class Roster : Email : Digital Drop Box :

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\$54,956.00 \$55,205.80 \$76,956.00 \$77,305.80 \$108,245.80 Question 4 - Multiple Choice ID: 4719405 Correct Question: Roswell Industries is planning a major expansion 5 years from today. In preparation for this, the company is setting aside \$25,000 each quarter, starting today, for the next 5 years. How much money will the firm have when they are ready to expand if they can earn an average of 5.25 percent on their savings? \$488,209 \$499,087 \$523,618 \$567,539 \$574,988 Question 5 - Multiple Choice ID: 4719409 Correct Question: The First Bank offers personal loans at 7.5 percent compounded quarterly. The Second Bank offers similar loans at 7.25 percent compounded monthly. Which one of the following statements is correct concerning these two banks? The First Bank loan has an effective rate of 7.67 percent

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## This note was uploaded on 04/12/2010 for the course BUS 5602 taught by Professor Unknown during the Spring '10 term at FIT.

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BUS5602Quiz01 - USER HOME Message Board COURSE HOME...

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