1. How much must be saved at the end of each year for the next 10 years in order to accumulate $50000, if you can earn 9% annually? Assume you contribute the same amount to your savings every year.
2. What APR is being earned on a deposit of $5000 made 10 years ago today if the deposit is worth $9848.21 today? The deposit pays interest semiannually.
3. Which one of these is a disadvantage of the corporate form of business?
a. access to capital,
b. unlimited personal liability for owners,
c. limited firm life
d. legal requirements