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- Smiley Corporations current sales and partial balance sheet are shown here. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities?Suppose that $1,000 is deposited each year for five years into an equity (common stock) account earning 8% per year. During this period, general inflation is expected to remain at 3% per year. At the end of five years, what is the dollar value of the account in terms of today’s purchasing power (i.e., real dollars)?What is the geometric average return over one year if the yearly returns are -9%, 8%, 5%, and 14%, respectively?
- What is the annual percentage yield (APY) for money invested at an annual rate of 4.19% compounded monthly and 4.2% compounded quarterly?If the Nominal (APR) rate of return for an investment is 10.15% compounded quarterly, what is the Effective Annual Rate of return (EAR or EFF)?A company predicts that the earnings will grow at 1% per year forever. Today, the company announced earnings of $4 million. What is the present value of all future earnings if the interest rate is 6% per year? This is assuming all cash flows occur at the end of the year