Patricia plans to invest some money so that she has $2,600 at the end of three years. Determine how much should she invest today given the following choices: (Round intermediate calculations to 6 decimal places, e.g. 2.512512 and round final answer to 2 decimal places, e.g. 2,515.25.) a. 4.38 percent compounded daily. Amount required to be invested $ b. 4.92 percent compounded monthly. c. 5.2 percent compounded quarterly. Amount required to be invested d. 5.4 percent compounded annually. Amount required to be invested $ You are going to deposit $600 in a bank CD today, and you will withdraw the money only once the balance is $1,000. If the bank pays 9 percent interest, how long will it take for the balance to reach $1,000 ? (Round intermediate calculations to 4 decimal places, e.g. 2.5125 and final answer to 1 decimal place, e.g. 2.2.) You have an opportunity to invest $1,000 today and receive $1,500 in three years. What would be the annual return on your investment if you accepted this opportunity? (Round answer to 2 decimal places, e.g. 52.75.) Sunland Sales Company has sales of $2.250 million. If the company's management expects sales to grow 5.0 percent annually, how long will it be before sales double? Use a financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Current Attempt in Progress Mary Smith deposited \$2,000 today in an account paying 5 percent interest annually. (Round intermediate calculation to 8 decimal places, e.g. 2.51251245.) What would be the simple interest earned on this investment in 5 years? (Round final answer to 0 decimal place, e.g. 150.) Simple interest on investment $ With annual compounding, how much interest on interest would Mary earn in 5 years? (Round final answer to 2 decimal places, e.g. 15.25.)