1. Bankruptcy: Moral, Amoral, or Immoral?
Is it unethical to avoid paying one’s debts by going into bankruptcy? Does a person have a moral responsibility to pay his or her debts? Discuss.
2. Given thses two exchange rates, $1= 12.352 Mexican pesos and $1= 0.7729, compute the cross-rate between the Mexican peso and the Euro. State this exchange rate in pesos and in Euros.
3. What is the future worth (in Year 10) of $23,000 deposited at the end of Year 3 plus $28,000 deposited at the end of Year 5, and $20,000 deposited at the end of Year 8 at an interest rate of 5% per year?