Current Attempt in Progress

Sunland Company is considering an investment that will return a lump sum of $$900,000,6$ years from now.

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Table $2$

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What amount should Sunland Company pay for this investment to earn an $12\%$ return? $($For calculation purposes, use $5$ decimal places as

displayed in the factor table provided, e$.$g$.5\mathrm{.}24571.$ Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Sunland Company should pay $Current Attempt in Progress

Lamb Company deposited $$15,000$ annually for $6$ years in an account paying $5\%$ interest compounded annually.

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Table $2$

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Table $4$

What is the balance of the account at the end of the $6$th year? $($Round answers to $2$ decimal places, e$.$g$.2552\mathrm{.}75.)$

Amount $