At the end of Year 2, retained earnings for the Baker Company was $3,250. Revenue earned by the company in Year 2 was $3,500, expenses paid during the period were $1,850, and dividends paid during the period were $1,250. Based on this information alone, retained earnings at the beginning of Year 2 was:

What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695