1. Your car dealer is willing to lease you a new car for $399 a month for 60 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 5.0 percent, what is the current value of the lease?
2. Fifth Fourth National Bank has a savings program which will guarantee you $18,500 in 11 years if you deposit $125 per month. What APR is the bank offering you on this savings plan?
3. On which of the following financial statements will you most likely find the amount of cash generated from a company's core business operations?
A. Statement of shareholders' equity
B. Balance sheet
C. Income statement
D. Statement of cash flow