1. Which of the following is the correct formula for profit? (Sales Volume + Price) / (Variable Costs x Fixed Costs) (Sales Volume + Price) - (Variable Costs x Fixed Costs) (Sales Volume x Price) / (Variable Costs + Fixed Costs) (Sales Volume x Price) - (Variable Costs + Fixed Costs).
2. Suppose the interest rate is 7.4 %7.4% APR with monthly compounding. What is the present value of an annuity that pays $ 105$105 every threethree months for fivefive ?years? ?(Note: Be careful not to round any intermediate steps less than six decimal? places.)