Question: please show all work Question 1-TVM, Finding I/Y [2 points]: Martell Corporation's 2012 sales were $10 million. Sales were $6 million five years earlier. To
Question 1-TVM, Finding I/Y [2 points]: Martell Corporation's 2012 sales were $10 million. Sales were $6 million five years earlier. To the nearest percentage point, at what rate have sales grown? Question 2 - PV, Ordinary Annuity [2 points]: Find the present value of the following ordinary annuities: a) $300 per year for 10 years at 10 percent interest rate b) $100 per year for 5 years at 5 percent interest rate Question 3 - PV, Annuity Due [2 points]: Find the present value of the following annuities due: a) $300 per year for 10 years at 10 percent interest rate b) $100 per year for 5 years at 5 percent interest rate
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