Question: Please answer both questions if you can, WILL UPVOTE 100% You want your daughter to be a millionaire. She is three years old today when
You want your daughter to be a millionaire. She is three years old today when you deposit $40,000 in an account that earns 5.9% per year. The funds in the account will be distributed to your daughter whenever the total reaches $1,000,000. How old will your daughter be when she gets the money? O 62 49 59 O 56 Question 23 4 pts Evaluate the following project using an IRR criterion based on a 10% opportunity cost of capital: CFO = -$6,000 CF1 - $3.300 CF2 - $3,600 Reject; because the opportunity cost exceeds the IRR Reject because the IRR exceeds the opportunity cost Accept because the IRR exceeds the opportunity cost Accept; because the opportunity cost exceeds the IRR
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