Fran Smith has two investment opportunities. The interest rate for both investments is 8%. Interest on the first investment will compound annually while interest on the second will compound quarterly. Which investment opportunity should Fran choose? Why? Bill O'Brien would like to take his wife, Mary, on a trip three years from now to Europe to celebrate their 40th anniversary. He has just received a $20,000 inheritance from an uncle and intends to invest it for the trip. Bill estimates the trip will cost $23,500 and he believes he can earn 5% interest, compounded annually, on his investment. Will he be able to pay for the trip with the accumulated investment amount? Refer to the situation described in BE 6-2. Assume that the trip will cost $26,600. What interest rate, com- pounded annually, must Bill earn to accumulate enough to pay for the trip? 8 pg dn T shift 9 pa up a/t 6 ctri EXERCISE 16-20 Requirement 1 option is Because the loss year is the company's first year of operations, the carryback The loss is (S in thousands) Current Year 2018 Future Deductible Amounts total] 15 (315) Net operating loss Loss carryforward