Question: Laura Hall needs to decide whether to accept a bonus of $1,700 today or wait two years and receive $1,950 then. She can invest at







Laura Hall needs to decide whether to accept a bonus of $1,700 today or wait two years and receive $1,950 then. She can invest at 6 percent. What should she do? v , she should not accept the bonus today. You decide to take advantage of the current online dating craze and start your own Web site. You know that you have 350 people who will sign up immediately and, through a careful marketing research and analysis, determine that membership can grow by 27 percent in the first two years, 21 percent in year 3, and 18 percent in Year 4. How many members do you expect to have at the end of four years? (Round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest whole number.) Betty Harris is saving to buy a house in five years. She plans to put 20 percent down at that time, and she believes that she will need $26,000 for the down payment. If Betty can invest in a fund that pays 9.60 percent annual interest, compounded quarterly, how much will she have to invest today to have enough money for the down payment? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) You have just inherited $520,000. You plan to save this money and continue to live off the money that you are earning in your current job. If you can invest the money in a bond that pays 4.00 percent interest annually, how long will it be before your inheritance is worth $1 million? (If you solve this problem with algebra round intermediate calculations to 5 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72.) Oriole Corp had sales of $362,000 in 2017. If management expects its sales to be $476,450 in 3 years, what is the rate at which the company's sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.) Growth rate % You invest $170 in a mutual fund today that pays 5.90 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to O decimal place, e.g. 545) Patricia plans to invest some money so that she has $2,600 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.) a. 4.2 percent compounded daily. Amount required to be invested $ b.4.9 percent compounded monthly. Amount required to be invested $ c.5.2 percent compounded quarterly. Amount required to be invested $ d.5.4 percent compounded annually. Amount required to be invested $
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