1. Assume that you will invest $200 in one year, $400 in two years, and $600 in three years. If you earn an interest rate of 7.2% per year, how much will you have in three years?
1) $1,236.92
2) $1,258.64
3) $1,227.25
4) $1,297.71
5) $1,301.22
2. A company had sales of $1,423,764 last year. Its cost of goods sold were 45% of sales, it had depreciation expenses of $108,283, and interest expenses of $36,731. If the company’s tax rate is 30%, what was its net income?
1) $446,639
2) $741,967
3) $337,436
4) $223,679
5) $478,633