Betty borrows 60,000 at 12 percent compounded annually. The loan ...

[tfester]

Betty borrows 60,000 at 12 percent compounded annually. The loan is to be repaid in five equal annual
  end-of-year installments. How much must each loan payment be?
 
  What will be an ideal response?

Question 2

WPM, Inc. has current assets of 8,000,000, current liabilities of 4,000,000, inventory of 1,320,000,
  and sales of 12,000,000. What is the acid test ratio?
 
  A) 0.1 B) 1.67 C) 0.22 D) 2.0

[kilada]

Answer to Question 1

16,644.58, based on PVA = 60,000; N = 5; I = 12; PMT = 16,644.58

Answer to Question 2

B