1: Complete the statement below. Jason earned $400 per month as a server when he was in high
school and saved 14 of this income each month. Today, three years
later, Jason uses this money to buy his books at the University of
Pennsylvania. This statement refers to money's function as a(n)
_ (medium of exchange, unit of account,
store of value, standard of deferred payment).

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Aminor has the legal right to repudiate

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?