A perpetuity pays $550 at the end of every month. The PV of the perpetuity is $36,000. What is the monthly periodic rate on the perpetuity?

Sklar borrowed $360,000 from Rich Bank. At Rich's request, Sklar entered into an agreement with Aker, Burke, and Cey to act as cosureties on the loan. The agreement between Sklar and the cosureties provided that the maximum liability of each cosurety was: Aker $72,000, Burke $108,000, and Cey $180,000. After making several payments, Sklar defaulted on the loan. The balance was $240,000. If Cey pays $180,000 and Sklar subsequently pays $60,000, what amounts may Cey recover from Aker and Burke?

A. $0 from Aker and $0 from Burke. B. $60,000 from Aker and $60,000 from Burke. C. $48,000 from Aker and $72,000 from Burke. D. $36,000 from Aker and $54,000 from Burke.

Vitamin drinks are in the growth stage of their product life cycle. This means that promotion for vitamin drinks most likely focuses on ________

A) encouraging trial through sales promotion B) creating public awareness through public relations C) encouraging customers to switch brands through sales promotion D) stressing product benefits through advertising E) using competitive-parity strategies