$500 at the beginning of each month for the next 10 years. He has a goal of having -Lewis has already saved $10,000. Suppose he continues to make contributions of $165,000 11. What monthly nominal rate of return must his investment earn for him to achieve his goal? 12. If the best rate in the market he can find is a 10.5% monthly nominal rate what I would be the new amount for the contributions he will have to make to still achieve his goal of having $165,000 in 10 years? -HR wants to offer a Country Club membership for a group of employees that will cost the company $10,000 dollars a year. They will begin annually starting one year from now. 13. What amount must be invested today at 7.5% compounded annually to fund the scholarship program in perpetuity? 14. Given the current economic climate the CEO has lowered the initial investment amount you had available to $100,000, how much do you now have for the Country Club membership program? - The finance department of your company needs to separate the interest and principal of the final payment of a loan. The company borrowed 20,000 at 8% compounded quarterly with month end payments for two years 15. What are the correct portions assigned to principal and interest of the final payment? $500 at the beginning of each month for the next 10 years. He has a goal of having -Lewis has already saved $10,000. Suppose he continues to make contributions of $165,000 11. What monthly nominal rate of return must his investment earn for him to achieve his goal? 12. If the best rate in the market he can find is a 10.5% monthly nominal rate what I would be the new amount for the contributions he will have to make to still achieve his goal of having $165,000 in 10 years? -HR wants to offer a Country Club membership for a group of employees that will cost the company $10,000 dollars a year. They will begin annually starting one year from now. 13. What amount must be invested today at 7.5% compounded annually to fund the scholarship program in perpetuity? 14. Given the current economic climate the CEO has lowered the initial investment amount you had available to $100,000, how much do you now have for the Country Club membership program? - The finance department of your company needs to separate the interest and principal of the final payment of a loan. The company borrowed 20,000 at 8% compounded quarterly with month end payments for two years 15. What are the correct portions assigned to principal and interest of the final payment