If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $ in interest. assume you re-invest all interest.
a. 205.00
b. 300.00
c. 315.25
d. 500.00

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%