A fast growth share has the first dividend (t=1) of $3.16. Dividends are then expected to grow at a rate of 5 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 2.6 percent. . If the required rate of return is 13 percent, what is the current price of the share? (to the nearest cent) O a. $27.38 O b. $32.19 O c. $30.38 O d. $69.53

Suppose you owe $18,000 on a credit card that carries an APR of 24%. Because the balance is so high, you choose to stop charging and pay off the card. You can afford to make only the minimum monthly payment, which is 5% of the balance. Then your balance after t months is given by B = 18,000(1.02 ✕ 0.95)t  dollars. How many payments will you have to make to get the balance below $100?

The principal P is borrowed at a simple interest rate r for a period of time t. Find the loans future value A, or the total amount due ay time t. P= $7000 , r= 4.0%, t= 4 months

Assume that you invest $5,000 into a savings account that compounds at 8% quarterly. How long would it take for the investment to reach $7,500? Remember that for quarterly calculations we typically round all decimals up to the next quarter (0.25, 0.5, 0.75 or 1.0) as that implies we need more quarters than the value provided. a. 1.5 years b. 10.75 years c. 20.5 years d. 5.25 years ⚫e. 5.5 years