Immediately after assuming his new position, Gary found himself facing several decisions. First, Gary had to select a bank or banks to meet the fi nancial needs of Gulf Shores. He has approached two local banksSun Trust and BankSouthabout the interest rates they off er on a savings account and a certifi cate of deposit (CD) as well as the rate charged on a term loan. Sun Trust and BankSouth off er the same interest rate on each fi nancial product and only diff er in the frequency of compounding (exhibit 11.1). Second, a wealthy patient was so impressed with the care she received at Gulf Shores that she decided to make a series of donations to the facility. She will donate $75,000 a year for the fi rst six years (t = 1 through t = 6, where t = time) and $150,000 annually for the following six years (t = 7 through t = 12). Th e fi rst deposit will be made a year from today (t = 1). In addition, G U L F S H O R E S SURGERY CENTERS TIME VALUE ANALYSIS Copyright 2018. Health Administration Press. All rights reserved. May not be reproduced in any form without permission from the publisher, except fair uses permitted under U.S. or applicable copyright law. EBSCO Publishing : eBook Collection (EBSCOhost) - printed on 7/27/2022 2:55 AM via UNIVERSITY OF MINNESOTA - TWIN CITIES LIBRARIES AN: 1792719 ; George Pink.; Gapenski's Cases in Healthcare Finance, Sixth Edition Account: s5240361.main.ehost h