Martha has borrowed $10,000, on which she is making annual interest-only payments at 10%, due on January 1 of each year. She makes annual deposits on January 1 to her savings account, which pays 5.25%, in order to accumulate enough to pay off the loan in ten years. The first payment and deposit are made one year after she borrows the money. Martha has just made the fourth savings deposit and interest payment. She now takes out a new loan, to be paid in six equal annual installments at 8%, the first payment due in one year. Payments for the new loan will equal the sum of her old interest payment plus annual savings deposit. She uses the new loan plus part of her savings account to pay off the original $10,000 loan. Determine how much she has left in her savings account after paying off the original loan.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)