1. Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to the nearest month)?

A. 75 months

B. 73 months

C. 79 months

D. 77 months

E. 6 months

2. A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually. How many periods would it take for the deposit to grow to $6,798 if the interest is compounded semiannually?

A. 19

B. 21

C. 25

D. 17

E. 43

3. If the debt ratio is 0.60, the Debt/Equity Ratio is:

A. 1.25

B. .25

C. 1.2

D. .8

E. 1.5