Question
A) You have been offered a consulting contract. The company has offered to pay you $8,318 today, $10,223 in year 1 and $16,610 in year
A) You have been offered a consulting contract. The company has offered to pay you $8,318 today, $10,223 in year 1 and $16,610 in year 2. If the relevant return is 6.68%, how much is the contract worth today?
B) You just collected your school refund check of $737. You will invest it at an interest rate of 10.37%. How many years will it take to triple your money?
C) A corporation invested in a property for $974,501 today. The value of the property is likely to grow at a rate of 10.9% per year, on average. How long until the value of the property grows to $1,522,219?
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