1. At $100 per day, what would be the nursing home’s required volume (inpatient days) in order to make $150,000 profit? Variable cost = $45 per day Fixed cost = $1,000,000
2. You are planning to make monthly deposits of $300 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 25 years? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Future value
3. Tai Credit Corp. wants to earn an effective annual return on its consumer loans of 14.5 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Interest rate = %