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Assume that your parents wanted to have $ 150 comma 000$150,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount each year on your birthday and earned 12.5 %12.5% per year on their investments.
a. How much would they have to save each year to reach their? goal?
b. If they think you will take five years instead of four to graduate and decide to have $ 190 comma 000$190,000 saved just in? case, how much would they have to save each year to reach their new? goal?
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Sankey, Inc., has a current assets of $5,000, net fixed assets of $23,300, current liabilities of $4,450, and long-term debt of $11,000. What is the value of the shareholders' equity account of the firm? How much is net working capital?
Historically, as opposed to currently, the largest source of funds for banks was ____, versus, is ______:
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