You need to have $31,000 in 11 years. You can earn an annual interest rate of 3 percent for the first 3 years, 3.6 percent for the next 2 years, and 4.3 percent for the final 6 years. How much do you have to deposit today? (Assume annual compounding.)

During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $29,348, $65,239, and $26,720, respectively. The net working capital at the beginning of the year was $11,395 and it was $13,000 at the end of the year. What was the company’s cash flow to stockholders during the year?

You want to buy a house that costs $305,000. You will make a down payment equal to 10 percent of the price of the house and finance the remainder with a loan that has an APR of 5.57 percent compounded monthly. If the loan is for 20 years, what are your monthly mortgage payments?

The winner of the first annual Tom Morris Golf Invitational won $115 in the competition which was held in 1901. In 2015, the winner received $1,480,000. If the winner’s purse continues to increase at the same interest rate, how much will the winner receive in 2052? (Assume annual compounding.)

You have just started a new job and plan to save $4,700 per year for 44 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 10.24 percent?

Your sister just deposited $8,000 into an investment account. She believes that she will earn an annual return of 9.3 percent for the next 10 years. You believe that you will only be able to earn an annual return of 8.6 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 10 years? (Assume annual compounding.)

The winner of the first annual Tom Morris Golf Invitational won $150 in the competition which was held in 1908. In 2015, the winner received $1,550,000. If the winner’s purse continues to increase at the same interest rate, how much will the winner receive in 2042? (Assume annual compounding.)

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,800Cost of goods sold7,850Depreciation400Earnings before interest and taxes$ 1,550Interest paid96Taxable income$ 1,454Taxes305Net income$ 1,149 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 250$ 280Accounts payable$ 1,570$ 1,722Accounts received1,070970Long-term debt1,0501,363Inventory1,7401,725Common stock3,3203,010Total$ 3,060$ 2,975Retained earnings630880Net fixed assets3,5104,000 Total assets$ 6,570$ 6,975Total liabilities & equity$ 6,570$ 6,975 What is the cash coverage ratio for 2024?

You feel that you will need $2.3 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.3 percent compounded monthly and plan to save $320 per month until you reach your goal. How many years will it be until you reach your goal and retire?

You have just deposited $7,000 into an account that promises to pay you an annual interest rate of 5.7 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $19,100 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal? (Assume annual compounding.)