Tom can afford mortgage payments of $2350 a year for 30 years. The bank will lend him money to buy the house at 5.00%. How much money can he afford
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Tom can afford mortgage payments of $2350 a year for 30 years. The

bank will lend him money to buy the house at 5.00%. How much money can he afford to borrow?
A.$50,843.65
B.$36,125.26
C.$49,625.34
D.$61,115.24


if you will contribute $4500 per annum into your retirement account that pays 8% interest rate. How large will your retirement account be in 45 years if you first deposit will be made 1 year from now?
A.$1,739,275.28
B.$1,653,428.43
C.$15,483,237.74
D.$1,79,5524.28


Which of the followings bond might has the lowest yield at the same maturity?
A.Australia Government bond
B.Australia A corporate bond
C.Australia AAA corporate bond
D.Queensland Treasury corporate bond


A2 milk is growing quickly, investors would expect $3 dividend next year and $3.5 dividend year after. If the dividend grow rate will be 5% after the first 2 years and the required return is 10%, what is the current share price if it just paid $2 dividend.
A.$72.44
B.$66.36
C.$74.28
D.$64.27


Alison wants to receive $2 000 every year in retirement. If Alison's retirement is for 30 years, and the interest rate in her retirement is 8% per year, how much will she need to have when she retires?
A.$20 125
B.$226 566
C.$22 516
D.$19 875


B company has a D/E ratio of 1. The return on assets is 10% and total equity is $3 million. What is the net income?
A.1.2 million
B.0.9 million
C.0.6 million
D.0.3 million

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