On October 1, 2020, PNC Bank lends Peter's Landscaping, Inc. $50,000 for 6- months with an APR of 8%. What is the amount of interest earned for 2020 by PNC Bank from the Peter's Landscaping, Inc. loan - use 30 days each month, 360 days each year

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%