In many developing economies, technology is increasingly being used to replace manual labor. This leads to which type of economic growth

In many developing economies, technology is increasingly being used to replace manual labor. This leads to which type of economic growth? None of the answers provided is the correct. description for this type of economic growth. Innovation-driven economic development Factor-driven economic development Efficiency-driven economic development Opportunity-driven entrepreneurship

When acquiring an existing business, which of the following is NOT a good idea?

When acquiring an existing business, which of the following is NOT a good idea? Get answers to all key questions – particularly about the firm’s finances – in writing. Remember that there are always other businesses for sale. Talk to employees, suppliers and customers about their commitment to supporting the business after the acquisition. Arrange for the seller to exit the business as soon as possible after the deal closes to avoid any conflicts about who is now in charge. Reconstruct financials to understand how much cash the business will generate when separated from the seller’s personal finances.

The __________________ approach to evaluating a proposed new venture (or potential acquisition) involves constructing a checklist

The __________________ approach to evaluating a proposed new venture (or potential acquisition) involves constructing a checklist ahead of time that identifies a variety of critical issues. This checklist can be applied to each potential venture. Comprehensive Feasibility Feasibility Criteria Break-even Analysis Business Plan Profile Analysis

Which of the following statements related to Creativity is false? One technique for improving creativity is to try to view things as existing in an appositional

Which of the following statements related to Creativity is false? One technique for improving creativity is to try to view things as existing in an appositional (side-by-side; close; similar) relationship. Creativity can be improved by becoming aware of the mental blocks that stifle it. You can stimulate creativity thinking by adopting a functional perspective when looking at things and people. The steps in the creative process – knowledge accumulation, incubation, ideation, and evaluation/implementation – always occur in the listed sequence. Incubation in the creative process often occurs when the individual is doing something completely unrelated to the subject or problem.

Which of the following includes a measure from each element of the Triple Bottom Line

Which of the following includes a measure from each element of the Triple Bottom Line? Health-adjusted life expectancy; unemployment rate; solid waste management Personal wealth; solid waste management; unemployment rate All of the provided answers include all three elements of the Triple Bottom Line. Cost of underemployment; job growth; median household income Electricity consumption; relative poverty rates; violent crimes per capita

Individuals will sometimes attempt to justify behaving unethically by reasoning that the action is in the firm's best interest

Individuals will sometimes attempt to justify behaving unethically by reasoning that the action is in the firm's best interest and that if it ever becomes known, the firm will condone it because the firm has benefited from the unethical act. Which of the following would be an example of this type of “role distortion” morally questionable act? Bribery Giving a poorly performing employee a glowing recommendation so that they can transfer to another department Embezzlement Not confronting expense account cheating All of the other potential answers fit the definition of "role-distortion" ethical failures.

Which of the following Corporate Entrepreneurship initiatives is most likely to take advantage of technological knowledge generated outside the

Which of the following Corporate Entrepreneurship initiatives is most likely to take advantage of technological knowledge generated outside the firm to generate a new business in an emerging industry? Corporate venturing Business model reconstruction Strategic renewal Organizational rejuvenation Domain redefinition

The process approach to entrepreneurship seeks to ... explain the process of obtaining venture capital

The process approach to entrepreneurship seeks to ... explain the process of obtaining venture capital. explain why and how an individual chooses to pursue an opportunity. explain intrapreneurship. explain why entrepreneurs drink so much. explain the process of obtaining patents.

Which of the following is NOT true of Corporate Entrepreneurship? It contributes to more start-up activities by former employees

Which of the following is NOT true of Corporate Entrepreneurship? It contributes to more start-up activities by former employees (those who have left the firm to start their own ventures). Actually, all of the other answers are true of Corporate Entrepreneurship. It helps a firm attract high-performing employees. It helps a firm expand and grow. It helps a firm avoid obsolescence.

Which of the following is NOT a potential source of stress for the entrepreneur attempting to launch a new venture

Which of the following is NOT a potential source of stress for the entrepreneur attempting to launch a new venture? Immersion in the business The restoration orientation Failure of the entrepreneur to meet their own performance expectations Loneliness due to social isolation Frustration arising from the performance shortcomings of others

When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting

When entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting opportunity orientation. external locus of control. persistent problem-solving. internal locus of control.

Which of the following is a false statement about entrepreneurs? They burn with the competitive desire to excel. They are achievers

Which of the following is a false statement about entrepreneurs? They burn with the competitive desire to excel. They are achievers. They see the cup half full rather than half empty. They do not use failure as a tool for learning.

A clear pattern among successful entrepreneurs is the fear of failure common to all people. their focus on opportunity rather than resources

A clear pattern among successful entrepreneurs is the fear of failure common to all people. their focus on opportunity rather than resources. setting goals that are just out of reach. not fitting in to traditional organizations.

Which of the "Characteristics Often Attributed to Entrepreneurs" listed below is most closely aligned with (or most similar to) one of the "Big 5"

Which of the "Characteristics Often Attributed to Entrepreneurs" listed below is most closely aligned with (or most similar to) one of the "Big 5" personality traits? Responsibility Sense of Power Foresight Confidence Initiative

Which of the following is NOT a characteristic behavior associated with successful entrepreneurs?

Which of the following is NOT a characteristic behavior associated with successful entrepreneurs? Resourcefulness Independence Passion Procrastination Vision

Which of the following would be considered to be a factor in the Micro View of entrepreneurship that attempts

Which of the following would be considered to be a factor in the Micro View of entrepreneurship that attempts to explain why entrepreneurial firms are launched and/or why the will be successful? Consumer preferences Availability of venture capital Employment opportunities available to populations of recent immigrants The mindset or characteristic behaviors of the entrepreneur All of the factors listed in the other answer choices would be considered to be part of the Micro View.

You purchase an antique car today for $28,000. You expect the price of the car to rise by 7% per

You purchase an antique car today for $28,000. You expect the price of the car to rise by 7% per year for the next 5 years. What do you expect the price of the car to be in year 5?

The current cost of graduate school tuition is $18,000 per year. The cost of tuition is rising at 3.00% per year

The current cost of graduate school tuition is $18,000 per year. The cost of tuition is rising at 3.00% per year. You plan to attend graduate school for 2 years starting 3 years from now. How much do you have to invest today if your savings account earns 6.00% APR compounded annually to just fund your tuition?

You can lease a car for 5 years by paying $5,000 today and then making lease payments of $350 per month

You can lease a car for 5 years by paying $5,000 today and then making lease payments of $350 per month (starting next month) for 5 years. Or you can buy the car now for $30,000 and then in 5 years sell the car for $18,000 Either way you have use of the car for 5 years. If your investments earn 5.00% APR (compounded monthly) which alternative is cheaper and by how much in present value terms?

You can purchase an appliance (refrigerator, furnaces, A/C, etc.) maintenance contract. You can pay $1,000 today for a year

You can purchase an appliance (refrigerator, furnaces, A/C, etc.) maintenance contract. You can pay $1,000 today for a year's maintenance coverage or pay $90 per month, each month, starting today, for 12 months. If your investments earn 5.00% APR (compounded monthly), how much would you save or would it cost you (in present value terms) to pay on a monthly basis?

You plan on going on a 3 month vacation 8 months from now. You can pay $4,500 per month during the vacation

You plan on going on a 3 month vacation 8 months from now. You can pay $4,500 per month during the vacation, or you can pay $13,000 today. Which alternative should you take and how much does it save you in present value term if your investments earn 3.00% APR (compounded monthly)?

You’ve just won the lottery which promises to pay you $5,000 per month for the next 30 years, starting in one month

You’ve just won the lottery which promises to pay you $5,000 per month for the next 30 years, starting in one month. The lottery company is require to buy US Treasury securities to guarantee that it can meet its obligation to you. If Treasury securities earned 5% APR compounded monthly, how much would the lottery company have to invest today to cover its obligation?

You need to make a tuition payment of $6,000 in 6 months. If your investment account pays 3% APR

You need to make a tuition payment of $6,000 in 6 months. If your investment account pays 3% APR, compounded monthly, how much do you have to deposit today to have just enough to pay the tuition in 6 months?

Your sending your daughter to a prestigious private college starting next year. She will attend for four

Your sending your daughter to a prestigious private college starting next year. She will attend for four years. The current cost for one year is $60,000, but is expected to rise 2% per year over the next 10 years. The school has a “tuition stabilization” plan whereby you can pay for the entire four years by writing a single check for $240,000 when your daughter begins college. Otherwise, you simply pay each year’s tuition as you go. If your investments earn 6% per year, what is the difference in present value terms between the two plans?

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest today such that your investment will grow to just cover your property tax bill?

You plan on attending graduate school for 2 years starting 5 years from now. Each year of graduate school will cost you $25,000

You plan on attending graduate school for 2 years starting 5 years from now. Each year of graduate school will cost you $25,000. You begin saving for graduate school starting 2 years from now and save for 3 years. How much must you invest each year, starting two years from now, for 3 years such that your investment will grow to just cover the cost of graduate school? Your investments earn 4% APR (compounded annually).

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly)

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest each month, starting next month, for 3 months, such that your investment will grow to just cover your property tax bill?

Your annual bonus this year was $15,000. You decide to use the money to remodel your bathroom or install solar panels on your

Your annual bonus this year was $15,000. You decide to use the money to remodel your bathroom or install solar panels on your roof. In either case, you will spend the entire $15,000. If you install solar panels, you will save $100 per month on your electric bill, each month, for 120 months, starting next month. If you remodel your bathroom, you expect to increase the value of the house by $9,000 today. If your investments earn 4% APR (compounded monthly), which alternative adds more to (or subtracts less from) your wealth in present value terms and by how much?

During your retirement you will need $4,000 per month, each month, for 300 months. You plan on retiring 60 months

During your retirement you will need $4,000 per month, each month, for 300 months. You plan on retiring 60 months from today. If your investments earn 6% APR (compounded monthly), must you invest each month, starting next month, for 12months to fully fund your retirement?

If you earn 2% APR (compounded annually) on your investments, how much do you have to invest today to “Fund” a payment of $400 due in 3 years?

If you earn 2% APR (compounded annually) on your investments, how much do you have to invest today to “Fund” a payment of $400 due in 3 years?

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest today such that your investment will grow to just cover your property tax bill?

You earn 8% APR (compounded annually) on your investments, how much do you have to invest today to “Fund” a payment of $1,000 due in 4 years?

You earn 8% APR (compounded annually) on your investments, how much do you have to invest today to “Fund” a payment of $1,000 due in 4 years?

How much would you have to invest today to fund three equal payments in years 1, 2 and 3 of $100 each if the interest rate is 3% APR (compounded annually)?

How much would you have to invest today to fund three equal payments in years 1, 2 and 3 of $100 each if the interest rate is 3% APR (compounded annually)?

You are managing a trust fund that must pay its owner $3,500 each month, for 120 months

You are managing a trust fund that must pay its owner $3,500 each month, for 120 months, (starting next month). How much do you need to invest today to make the trust fund payments if your investments earn 3.00% APR (compounded monthly)?

You need $575 in 6 months for your auto insurance bill. If your investments earn 3% APR

You need $575 in 6 months for your auto insurance bill. If your investments earn 3% APR (compounded monthly), ), how much do you have to invest each month, starting next month, for 4 months, such that your investment will grow to just cover your auto insurance bill?

Your child is planning attend summer camp for three months, starting 7 months from now

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend. If your investments earn 5% APR (compounded monthly), how much must you invest each month, starting two months from now, for 3 months such that your investment will grow to just cover the cost of the camp?

During your retirement you will need $4,000 per month, each month, for 300 months. You plan on retiring 60 months

During your retirement you will need $4,000 per month, each month, for 300 months. You plan on retiring 60 months from today. If your investments earn 6% APR (compounded monthly), must you invest each month, starting next month, for 12 months to fully fund your retirement?

The required return can be affected by changes in the risk free rate, even if the risk premium remains constant. True False

The required return can be affected by changes in the risk free rate, even if the risk premium remains constant. True False

An action on the part of a firm that increases the level of expected cash flows without a corresponding increase

An action on the part of a firm that increases the level of expected cash flows without a corresponding increase in risk should reduce share value; an action that reduces the level of expected cash flows without a corresponding decline in risk should increase share value. True False

The free cash flow valuation model can be used to determine the value of an entire company as the present value

The free cash flow valuation model can be used to determine the value of an entire company as the present value of its expected free cash flows discounted at the firm's weighted average cost of capital. True False

The constant growth model is an approach to dividend valuation that assumes that dividends grow at a constant rate indefinitely. True False

The constant growth model is an approach to dividend valuation that assumes that dividends grow at a constant rate indefinitely. True False

Investors purchase a stock when they believe that it is undervalued and sell when they feel that it is overvalued. True False

Investors purchase a stock when they believe that it is undervalued and sell when they feel that it is overvalued. True False

A prospectus is a portion of the security registration statement that describes the key aspects of the issue

A prospectus is a portion of the security registration statement that describes the key aspects of the issue, the issuer, and its management and financial position. True False

Preemptive rights allow common stockholders to maintain their proportionate ownership in the corporation when new issues are issued. True False

Preemptive rights allow common stockholders to maintain their proportionate ownership in the corporation when new issues are issued. True False

The market value of common stock is related to its par value because both are sensitive to the reactions of investors to new information. True False

The market value of common stock is related to its par value because both are sensitive to the reactions of investors to new information. True False

Preferred stockholders are often referred to as residual claimants. True False

Preferred stockholders are often referred to as residual claimants. True False

Interest paid to bondholders is tax deductible. True False

Interest paid to bondholders is tax deductible. True False

If a bond's required return always equals its coupon interest rate, the bond's value will remain at par until it matures. True False

If a bond's required return always equals its coupon interest rate, the bond's value will remain at par until it matures. True False

When the required return is different from the coupon interest rate and is constant until maturity, the value of the bond will approach its par value as it nears maturity. True False

When the required return is different from the coupon interest rate and is constant until maturity, the value of the bond will approach its par value as it nears maturity. True False

The value of an asset is determined by discounting the expected cash flows back to its present value, using an appropriate discount rate. True False

The value of an asset is determined by discounting the expected cash flows back to its present value, using an appropriate discount rate. True False

Valuation is the process that links risk and return to determine the worth of an asset. True False

Valuation is the process that links risk and return to determine the worth of an asset. True False

As an outstanding bond approaches maturity, the price of the bond will always trend toward par value until, at maturity

As an outstanding bond approaches maturity, the price of the bond will always trend toward par value until, at maturity, the bond is worth its face value. True False

A Eurobond bond is a bond denominated in Euros. True False

A Eurobond bond is a bond denominated in Euros. True False

The lower a bond's default risk, the higher is the interest rate. True False

The lower a bond's default risk, the higher is the interest rate. True False

Coupon interest rate on a bond represents the percentage of the bond's par value that will be paid annually, typically in two equal semiannual payments, as interest

Coupon interest rate on a bond represents the percentage of the bond's par value that will be paid annually, typically in two equal semiannual payments, as interest. True False

The reason for a difference in the yield between a Aaa corporate bond and an otherwise identical Baa bond is the risk premium; other things being equal. True False

The reason for a difference in the yield between a Aaa corporate bond and an otherwise identical Baa bond is the risk premium; other things being equal. True False

An interest rate or a required rate of return represents the cost of money. True False

An interest rate or a required rate of return represents the cost of money. True False

When computing the number of deposits needed to accumulate a future sum, it will take longer

When computing the number of deposits needed to accumulate a future sum, it will take longer if the interest rates are higher, holding the future value and deposit size constant. True False

In general, with an amortized loan, the payment amount grows over the life of the loan

In general, with an amortized loan, the payment amount grows over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion declines over the life of the loan. True False

The nominal and effective rates are equivalent for annual compounding. True False

The nominal and effective rates are equivalent for annual compounding. True False

$100 is received at the beginning of year 1, $200 is received at the beginning of year 2, and $300 is received

$100 is received at the beginning of year 1, $200 is received at the beginning of year 2, and $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is $1,245. True False

An annuity due is an equal stream of cash flows is paid or received at the beginning of each period. True False

An annuity due is an equal stream of cash flows is paid or received at the beginning of each period. True False

An ordinary annuity is an annuity in which cash flows occur at the beginning of each period. True False

An ordinary annuity is an annuity in which cash flows occur at the beginning of each period. True False

Glen’s Cookies (GC) produces a variety of baked goods that it sells to grocery stores (the grocery channel) or to food service providers

Glen’s Cookies (GC) produces a variety of baked goods that it sells to grocery stores (the grocery channel) or to food service providers (the food service channel). GC is trying to analyze the profitability of its cookie line of products. GC charges the same prices and provides the same promotions to its customers, whether the customer was in the grocery store channel or the food service channel. GC has recently studied the food service channel and has discovered that this channel can be further refined into specialty cookie shops and industrial providers (cafeterias, hospitals, etc.). GC noticed that sales dollars for its products were relatively constant, but that profits were declining. The company sensed that specialty cookie shops might be more profitable than industrial providers, but really didn’t know.

Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time

Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time. True False

Time value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today

Time value of money is based on the belief that a dollar that will be received at some future date is worth more than a dollar today. True False

A weakness of the percent-of-sales method of preparing a pro forma income statement is the assumption that the firm's past financial

A weakness of the percent-of-sales method of preparing a pro forma income statement is the assumption that the firm's past financial condition is an accurate predictor of its future True False

In the development of pro forma statements, a firm that requires external funds means that its

In the development of pro forma statements, a firm that requires external funds means that its projected level of cash is in excess of its needs and that funds would therefore be available for repaying debt, repurchasing stock, or increasing the dividend to stockholders. True False

Since the percentage-of-sales method assumes that all the form's costs and expenses are variable, it tends to understate

Since the percentage-of-sales method assumes that all the form's costs and expenses are variable, it tends to understate profits when sales are increasing and overstate profits when sales are decreasing. True False

In cash budgeting, the impact of depreciation is reflected in a reduction in tax payments. True False

In cash budgeting, the impact of depreciation is reflected in a reduction in tax payments. True False

The sales forecast and various forms of operating and financial data are the key outputs of the short-run (operating) financial planning

The sales forecast and various forms of operating and financial data are the key outputs of the short-run (operating) financial planning. True False

Strategic financial plans are planned long-term financial actions and the anticipated financial impact of those actions. True False

Strategic financial plans are planned long-term financial actions and the anticipated financial impact of those actions. True False

The statement of cash flows allows the financial manager and other interested parties to analyze a firm's past

The statement of cash flows allows the financial manager and other interested parties to analyze a firm's past and possibly future profitability. True False

In the statement of cash flows, the cash flows from financing activities result from debt and equity financing transactions

In the statement of cash flows, the cash flows from financing activities result from debt and equity financing transactions; including incurrence and repayment of debt, cash inflow from the sale of stock, and cash outflows to repurchase stock or pay cash dividends. True False

Given a financial manager's preference for faster receipt of cash flows, a longer depreciable life is preferred to a shorter one. True False

Given a financial manager's preference for faster receipt of cash flows, a longer depreciable life is preferred to a shorter one. True False

Depreciation deductions, like any other business expenses, reduce the income that a firm reports on its income statement. True False

Depreciation deductions, like any other business expenses, reduce the income that a firm reports on its income statement. True False

The DuPont formula allows a firm to break down its return into the net profit margin, which measures the firm's profitability

The DuPont formula allows a firm to break down its return into the net profit margin, which measures the firm's profitability on sales, and its total asset turnover, which indicates how efficiently the firm has used its assets to generate sales. True False

The financial leverage multiplier is the ratio of the firm's total assets to stockholders' equity. True False

The financial leverage multiplier is the ratio of the firm's total assets to stockholders' equity. True False

Return on total assets (ROA) measures the overall effectiveness of management in generating profits with its available assets. True False

Return on total assets (ROA) measures the overall effectiveness of management in generating profits with its available assets. True False

Gross profit margin measures the percentage of each sales dollar left after a firm has paid for its goods and operating expenses. True False

Gross profit margin measures the percentage of each sales dollar left after a firm has paid for its goods and operating expenses. True False

Higher the debt ratio, more the financial leverage a firm has and thus, the greater will be its risk and return. True False

Higher the debt ratio, more the financial leverage a firm has and thus, the greater will be its risk and return. True False

Total asset turnover commonly measures the liquidity of a firm's total assets. True False

Total asset turnover commonly measures the liquidity of a firm's total assets. True False

In ratio analysis, the financial statements being used for comparison should be dated at the same point in time during the year

In ratio analysis, the financial statements being used for comparison should be dated at the same point in time during the year. If not, the effect of seasonality may produce erroneous conclusions and decisions. True False

The income statement is a financial summary of a firm's operating results during a specified period while the balance sheet is a summary statement

The income statement is a financial summary of a firm's operating results during a specified period while the balance sheet is a summary statement of a firm's financial position at a given point in time. True False

GAAP is the accounting profession's rule-setting body. True False

GAAP is the accounting profession's rule-setting body. True False

The average tax rate paid on the firm's ordinary income can be calculated by dividing its taxes by its taxable income. True False

The average tax rate paid on the firm's ordinary income can be calculated by dividing its taxes by its taxable income. True False

The marginal tax rate represents the rate at which the next dollar of income is taxed. True False

The marginal tax rate represents the rate at which the next dollar of income is taxed. True False

The Securities Exchange Act of 1934 regulates the secondary market. True False

The Securities Exchange Act of 1934 regulates the secondary market. True False

Mortgage-backed securities are securities that represent claims on the cash flows generated by a pool of mortgages

Mortgage-backed securities are securities that represent claims on the cash flows generated by a pool of mortgages True False

How much would you have to deposit in your savings account today in order to be able to withdraw $1412 each year for two years

How much would you have to deposit in your savings account today in order to be able to withdraw $1412 each year for two years, starting six years from now? Your savings account earns 4.26% compounded annually.

How much would you have to invest today to have $10,000 in 6 months if your investments earn 5.00% APR (compounded monthly)

How much would you have to invest today to have $10,000 in 6 months if your investments earn 5.00% APR (compounded monthly)

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest each month, starting next month, for 3 months, such that your investment will grow to just cover your property tax bill?

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend. If your investments earn 5% APR (compounded monthly), how much must you invest each month, starting two months from now, for 3 months such that your investment will grow to just cover the cost of the camp?

How much would you have to deposit today in a bank account that pays 2.8% compounded annually to fund 5 yearly payments

How much would you have to deposit today in a bank account that pays 2.8% compounded annually to fund 5 yearly payments of $1871 with the first payment starting a year from now?

If you invest $4758 today in an account that pays 4.3% APR compounded monthly, how much will you have in the account after 43 months?

If you invest $4758 today in an account that pays 4.3% APR compounded monthly, how much will you have in the account after 43 months?

How much would you have to invest today to fund four equal payments in years 1, 2, 3 and 4 of $200 each if the interest rate is 6% APR

How much would you have to invest today to fund four equal payments in years 1, 2, 3 and 4 of $200 each if the interest rate is 6% APR (compounded annually)?

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend. If your investments earn 5% APR (compounded monthly), how much must you invest today such that your investment will grow to just cover the cost of the camp?

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR

You need $5,000 in 6 months for your property tax bill. If your investments earn 4% APR (compounded monthly), how much do you have to invest each month, starting next month, for 3 months, such that your investment will grow to just cover your property tax bill?

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend. If your investments earn 5% APR (compounded monthly), how much must you invest each month, starting next month, for 3 months such that your investment will grow to just cover the cost of the camp?

If you deposit $3687 in your savings account each year for 3 years, starting today, how much will you have in your savings account

If you deposit $3687 in your savings account each year for 3 years, starting today, how much will you have in your savings account in 4 years? Your savings account earns 5% compounded annually.

How much would have to invest in years 1, 2 and 3 in order to have $4788 in year 5 if the interest rate is 3%?

How much would have to invest in years 1, 2 and 3 in order to have $4788 in year 5 if the interest rate is 3%?