1. You borrow $125,000; the annual loan payments are $14,378.07 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.
2. Which of the following ratios indicates your ability to meet current debt payments with existing assets that can be converted to cash readily?
3. What might the impact have been of a failure to provide liquidity in 1907 panic and again in 2008 crisis ?