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.)

Of all the psychiatric disorders associated with insomnia, depression is the most common. A large percentage of patients with depression complain about insomnia and sleep quality.

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 8,700Cost of goods sold7,300Depreciation345Earnings before interest and taxes$ 1,055Interest paid87Taxable income$ 968Taxes203Net income$ 765 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 140$ 170Accounts payable$ 1,180$ 1,267Accounts received920730Long-term debt1,0201,253Inventory1,5201,560Common stock3,2102,900Total$ 2,580$ 2,460Retained earnings460710Net fixed assets3,2903,670 Total assets$ 5,870$ 6,130Total liabilities & equity$ 5,870$ 6,130 What is the cash coverage ratio for 2024?

What is the average or benchmark for net operating profit % for the retail industry?   Include a % sign in your answer

You have just deposited $10,500 into an account that promises to pay you an annual interest rate of 6.4 percent each year for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $29,750 in the account. What annual interest rate must you earn over the last 10 years to accomplish this goal? (Assume annual compounding.)

What is the average or benchmark gross margin % for the retail industry?  Include a % sign in your answer

You want to buy a house that costs $300,000. You will make a down payment equal to 20 percent of the price of the house and finance the remainder with a loan that has an APR of 5.55 percent compounded monthly. If the loan is for 30 years, what are your monthly mortgage payments?

Your sister just deposited $11,500 into an investment account. She believes that she will earn an annual return of 10 percent for the next 7 years. You believe that you will only be able to earn an annual return of 9.2 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 7 years? (Assume annual compounding.)

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.)

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?