How much do you have to invest in S today at an annual rate of 5%, if you need to have $500 in 8 years from today? Your Answer: Answer David has a savings account with a 3,000 balance today. The account earns an annual percentage rate of interest of 1.00%, compounded monthly. David plans to make no other deposits or withdrawals. How many years will it take David's account balance to double? Your Answer: Answer Which of the following is a valid criticism concerning the goal of firms to maximize profits? Profit maximization is completely unrelated to shareholder wealth. Profit may not involve cash Profit maximization ignores expenses. There are no valid criticisms of profit maximization as a goal