You want to have $35,000 saved 6 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings? Today's deposit is the only deposit you will make to this savings account.

For a firm facing a marginal income tax rate of 30%, what is the after-tax cash flow effect of: (a) a $2,600 increase in contribution margin during the year, and (b) a $1,000 increase in cash operating expenses?

(a) Effect on after-tax flow to contribution margin: (b) Effect on after-tax cash flow to cash operating Expenses:

After identifying a property to purchase, borrowers customize their income to meet the loan criteria.

A. Credit product B. Backward application C. Air loan D. Silent second