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How many years would it take Backman ESP to triple

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Q1) Brockman Corporation's earning per share were $3.50 last year, and its growth rate during the prior 5 years was 1.4% per year. If that growth were maintained, how many years would it take Backman's ESP to triple?

Q2) Suppose you just won the state lottery, and you have a choice between receiving $3,600,000 today or a 20-year annuity of 250,000, with the first payment coming one year from today. What rate of retune is built into the annuity?

Q3) America Express and other credit card issues must be law print Annual Percentage Rate (APR) on their monthly statement. if the APR is to be 18.00%, with interest paid monthly, what is the card's EFF%.

Reference no: EM132946870

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