1. What is the difference between arithmetic and geometric return? Which is the correct matrix to measure stock/portfolio performance? why?
2. ( Capital financing) Are the ways in which hospitals obtain capital different from the ways in which doctors obtain capital? Why?
3. To save for retirement, you decide to deposit $1,000 into an IRA at the end of each year for the next 30 years. If this savings annuity has an interest rate of 10% per year compounded annually, then how much interest will you earn over the course of the 30 years?