1. Calculate the commercial interest of
a) $3,100 for 125 days at 9% semi-annually
b) $2,500 from September 8 to February 12 of the following year at 4% quarterly
c) $6,640 for 9 business months and 25 days at 3.1% bi-monthly
d) $ 1,600 from January 13 to October 20 of the same leap year at 0.94% per month
e) $ 4,000 for 8 months at 0.88% monthly
f) $1,350 for 2 months at 18% yearly
2. That vacation package to Barbados three years from now has a price of $4,100, not including airfare. If you can earn 9% per year in an investment account, what amount must you deposit in that account today in order to have $4,100 at the end of three years?
$1,253.82
$3,450.89
$3,761.47
$3,165.95
$4,088.95
3. When the interests of the owners of a firm do not coincide with the interests of the managers of the firm, the literature of business calls this _______.
an organizational disconnect.
a behavioral problem.
an agency problem.
territorial issues.
the Dilbert effect.