View Policies Current Attempt in Progress Sandra Robinson needs to decide whether to accept a bonus of $1,620 today or wait two years and receive $1.920 then. She can invest at 6 percent. What should she do? she accept the bonus today. Your birthday is next week and instead of other presents, your parents promised to give you $1,100 in cash. Since you have a part time job and thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 7.00 percent compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (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.) Value of investment after 2 years $ Donna Clark wants to accumulate $12,000 by the end of 12 years. If the annual interest rate is 5.30 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (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.) Present value of investment $ You invest $160 in a mutual fund today that pays 4.50 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 decimal place, eg. 545) Number of years