Do not round-off anything until you obtain the final answer. Fred is an employee of a company that specializes in repossessing aircrafts owned by private individuals. He is nearing 47 years old and wishes to retire by age 55 . How much money must he invest today, to the nearest dollar, if he wants to see his money grow to $480,000 in 8 years at an interest rate of 5.6% compounded daily? Round your answer to the nearest dollar. Little Facts: Nicknamed "Learjet Repo Man," Nick Popovich began repossessing aircrafts in 1979. As of 2011, his company Sage-Popovich is the world's largest specialist in the recovery of aviation related equipment. Taking back the aircraft of a millionaire or a dictator of a country can be dangerous, but a single job can earn over $100,000. Sources: www.newsweek.com; www.sage-popovich.com. Do not round-off anything until you obtain the final answer. Allen has an odd job working as a breath odor evaluator. His job is smelling nasty breath that usually contains strong odors like coffee or garlic. His work assists companies that sell products such as gum and mouthwash. Allen wants to figure out how much money he would need to invest in order to have $123,000 in 6 years. Determine the amount of money he needs to invest if the interest is compounded continuously at a rate of 5.55%. Round your answer to the nearest dollar. Little Facts: Breath odor evaluators are typically employed by food or chemical companies. The job consists of evaluating breath odor before and after someone tests an odor reducing product. The breath is rated on a scale of 1 to 9 , with 1 being the worst rating. Sources: www.careersearch.com; www.careerbuilder.com