At the beginning of the year, Vendors, Incorporated, had own…

At the beginning of the year, Vendors, Incorporated, had owners’ equity of $48,485. During the year, net income was $4,925 and the company paid dividends of $3,585. The company also repurchased $7,335 in equity. What was the cash flow to stockholders for the year?

Your sister just deposited $7,500 into an investment account…

Your sister just deposited $7,500 into an investment account. She believes that she will earn an annual return of 9.2 percent for the next 10 years. You believe that you will only be able to earn an annual return of 8.4 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?