You have agreed to a $50,000 fixed-rate loan from First National Bank today and promise to repay the loan with 36 equal monthly payments at an APR of 6.50%. What is the EAR of this loan?

Cross Town Express has sales of $132,000, net income of $12,600, total assets of $98,000, and total equity of $45,000. The firm paid $7,560 in dividends and maintains a constant dividend payout ratio. Currently, the firm is operating at full capacity. All costs and assets vary directly with sales. The firm does not want to obtain any additional external equity. At the sustainable rate of growth, how much new total debt must the firm acquire?

A. $0 B. $4,311 C. $5,989 D. $6,207 E. $6,685

Which of the following two methods are typically used for initial screening of investments, rather than for detailed, in-depth analysis?

A) payback and accounting rate of return B) net present value and payback C) internal rate of return and net present value D) accounting rate of return and net present value