Pick 4 of these 8 questions.  (Remember that interests rates…

Pick 4 of these 8 questions.  (Remember that interests rates are quoted annually in your answers, not the periodic rates). A. The maximum monthly mortgage payment you can make is $850. The current interest rate is 8.75%. For a mortgage of 25 years, what is the maximum amount of the purchase price that you can finance? N________    I/Y________    PV___________    PMT__________    FV__________ B.  What annual interest rate is needed to compound a series of equal payments of $495.66 every month for 2½ years to a total future value of $16,000? N________    I/Y________    PV___________    PMT__________    FV__________ c. What is the initial balance of a loan that can be paid off in one year with payments of $75.94 every month at a 6% stated interest rate? N________    I/Y________    PV___________    PMT__________    FV__________ D. The maximum monthly mortgage payment you can make is $850. The current interest rate is 6.75%. For a mortgage of 20 years, what is the maximum amount of the purchase price that you can finance? N________    I/Y________    PV___________    PMT__________    FV__________ E. You won the lottery and are entitled to receive annual payments of $1 million dollars for the next 20 years starting at the end of the first year or take a lump sum payment of $9,500,000. If you could earn 6% annually on your investments, which option should you choose?  (justify the answer) N________    I/Y________    PV___________    PMT__________    FV__________ F. How long does it take to double $5,000 at a rate of 12% per year compounded quarterly? N________    I/Y________    PV___________    PMT__________    FV__________ G.  Find the future value 40 years from now of an investment of $7000 today if the interest rate is 6.65% compounded semiannually N________    I/Y________    PV___________    PMT__________    FV__________ H.  If you saved $7000 toward retirement each year for 40 years in an IRA, and the assets in that IRA earned 8% per year on average, How much would you have in that account for retirement? N________    I/Y________    PV___________    PMT__________    FV__________   For your answers Write each letter (a, b, c, …   for the ones you skip, write “SKIP” for the ones you solve, write your answer and then the support like :   $XXX.XX  N________    I/Y________    PV___________    PMT__________    FV__________  

Rhinestone Cowboy Company’s earnings have been growing at 5%…

Rhinestone Cowboy Company’s earnings have been growing at 5% per year, and its last dividend was $2.40.  You estimate its required return (Ks) to be 12%.  A. What price is justified by the Gordon Model (the constant dividend growth model) B.  If dividends are expected to continue to  grow at the same rate in the future, and if Ks is expected to remain at 12%, what is Ewald’s expected stock price 5 years from now?  (type your work).

A provider orders gentamicin 100 mg IV every 8 hours for an…

A provider orders gentamicin 100 mg IV every 8 hours for an adult patient who weighs 72 kg. The safe dosage range for gentamicin is 3–5 mg/kg/day, divided into three equal doses. Calculate the maximum safe dose range per dose for the medication. If necessary, round to the nearest whole number.  _____maximum mg/dose  (This question has three answer parts and you will see this same question presented three different times on this exam asking for the answer to a specific part. Please be aware the questions will present in a random order.)