A firm will need to buy some new pack mules in 4 years. These mules will cost a total of $4000. What lump sum should the firm invest today at 8%, compounded annually, in order to be able to buy the mules? How much interest will be earned? Click here to view page 1 of the interest table for rate 7%. Click here to view page 2 of the interest table for rate 7%. Click here to view page 1 of the interest table for rate 8%. Click here to view page 2 of the interest table for rate 8%. The firm should invest $ in order to be able to buy the mules. (Round to the nearest cent as needed.) Jos Martinez, an immigrant from Mexico, estimates that he needs $4,000 to start a (very) small grocery store in 4 years. How much must he deposit today if his credit union will pay 12% compounded quarterly? Click here to view periods 1-25 of the Present Value of a Dollar Table. Click here to view periods 26-49 of the Present Value of a Dollar Table. How much should he deposit today? $ (Round to the nearest cent as needed.) A company recently expanded their assembly operations at a cost of $470,000. Management expects that the investment will grow at a rate of 14% per year compounded annually for the next 5 years. Find the future value of the investment. Then find the present value of that amount at a rate of 8% per year compounded annually. Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table. Click here to view the compound interest table. What is the future value of the investment? $ (Round to the nearest cent as needed.) In 6 years, Mrs. Folkers must pay off a note with a face value of $11,000, and interest of 8% per year, compounded semiannually. Find the future value of the note. Then find the amount that the holder of the note should accept as complete payment today if money can be invested at 4% per year, compounded quarterly. Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table. Click here to view the compound interest table. What is the maturity value of the note? (Round to the nearest cent as needed.)