1. Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to the nearest month)?
A. 75 months
B. 73 months
C. 79 months
D. 77 months
E. 6 months
2. A Max, Inc. deposited $2,000 in a bank account that pays 12% interest annually. How many periods would it take for the deposit to grow to $6,798 if the interest is compounded semiannually?
A. 19
B. 21
C. 25
D. 17
E. 43
3. If the debt ratio is 0.60, the Debt/Equity Ratio is:
A. 1.25
B. .25
C. 1.2
D. .8
E. 1.5