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1. You just purchased a brand new car for $19,600 using a dealer loan at an interest rate of 6.6 percent and zero down payment. The terms of the loan call for equal annual payments for five years, with the first payment made one year from today. Calculate your loan balance just after making your third payment.

A. $9,852.18

B. $10,164.43

C. $7,292.04

D. $8,598.07

2. The term globalization has become widely used in recent years. How would you define it? 400 words.

3. If a firm's basic earnings power ratio is 6.7% and its operating profit margin is 3.1%, what is its total asset turnover ratio?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92800061

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