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1. How much will $10,000 be worth after 25 years if it earns
a) 6% compounded semiannually?
b) 7% compounded semiannually?
c) 8% compounded semiannually?
2. What amount three years from now is equivalent to $3000 due five months from now? Assume that money can earn 7.5% compounded monthly.
3. Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the loan if the total interest came to $221.65?
4. A 90-day, $1200 promissory note was issued March 31 with interest at 7%. What is the value of the note on June 29?
5. Barb's Home Income Tax business operates only during tax season. Last season Barb grossed $38 790 including GST. During that season she spent $9500 before GST on her paper and supply purchases. How much does Barb owe Revenue Canada for GST?
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1.What are the advantages and disadvantages of advertising, public relations, personal selling, and sales promotion from the perspective of a small independent
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