Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed to repay the loan in seven equal installments of $1,250 at the end of each year. the agreement is offering an implied interest rate of:
a) 14.85%
b) 9.57%
c) 11.00%
d) 12.98%
jacob's friend wilson, has hired a financial planner for advice on retirement. considering wilson's current expenses and expected future lifestyle chnages, the financial planner has stated that once wislon crosses a threshold of $8,452,622 in savings, he will have enough money for retirement. wilson has nothing saved for his retirement yet, so he plans to start depositing $40,000 in a retirement fund at a fixed rate of 11.00% at the end of each year. it will take years for wilson to reach his retirement goal.
a) 30.55 years
b) 41.24 years
c) 38.19 years
d) 25.97 years

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times