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Table 4-1
Stewart Company
Balance Sheet
Assets:
Inventories 1,500,000
Liabilities:
29.85 days.
32.85 days.
36.50 days.
46.34 days.
Table 4-1
Stewart Company
Balance Sheet
Assets:
Inventories 1,500,000
Liabilities:
0.97.
1.02.
1.71.
1.67.
The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%.
$687
$494
$368
$548
Biff deposited $9,000 in a bank account, and 10 years later he closes out the account, which is worth
$18,000. What annual rate of interest has he earned over the 10 years?
6.45%
10.00%
9.10%
7.18%