Beth borrowed $5,000 on demand from Canada Trust on February 23 for a Registered Retirement Savings Plan (RRSP) contribution. Because she used the loan proceeds to purchase Canada Trust's mutual funds for her RRSP, she received a special interest rate of prime plus 0.5%. Beth was required to make fixed monthly payments of $1,000 on the 15^th of each month, beginning April 15. The prime rate was initially 4.75%, but it jumped to 5% effective June 15 and increased another 0.25% on July 31. (It was not a leap year.) Construct a repayment schedule showing the amount of each payment and the allocation of each payment to interest and principal.

We can apply the multiplication rule to compute the probability that two events occur at the same time.

When a company calculates its earnings per common share for its financial statements, it uses the weighted-average number of common shares outstanding during the year. Suppose Enertec Corp. began its fiscal year (January 1 to December 31) with 5 million shares outstanding. On March 1, it sold a new public offering of 1 million shares. On June 1, employees and officers exercised stock options resulting in the issue of 500,000 common shares. On November 1, another 750,000 shares were issued when holders of convertible bonds chose to exercise the conversion privilege. What was the average number of common shares outstanding during the year? (Assume that each month has the same length.)

Use the properties of logarithms to expand $\ln 6y$ .

A) $6\ln y$
B) $(\ln 6{)}^y$
C) $\ln (6)+\ln (y)$
D) $\ln (6)+y$
E) $\ln (6+y)$

A ______ alternative hypothesis (one that may have an ______ symbol) is also referred to as ______.

A) directional; ≠ ; one-tailed
B) non-directional; <; two-tailed
C) non-directional; >; asymmetrical
D) non-directional; ≠; two-tailed

How many liters of a 34% alcohol solution must be mixed with 84% solution to obtain 16 liters of a 71.5% solution?

A) 2 liters of a 34% alcohol solution and 14 liters of 84% alcohol solution is required.
B) 10 liters of a 34% alcohol solution and 6 liters of 84% alcohol solution is required.
C) 12 liters of a 34% alcohol solution and 4 liters of 84% alcohol solution is required.
D) 4 liters of a 34% alcohol solution and 12 liters of 84% alcohol solution is required.
E) 6 liters of a 34% alcohol solution and 10 liters of 84% alcohol solution is required.