Question $9$

$10pts$

Nathan Company earns $11\%$ on an investment that pays back $$440,000$ at the end of each of the next $5$ years. Nathan's finance department has the following values related to the time value of money to help in its planning process and compounded interest decisions. To the closest dollar, what is the amount Nathan invested to earn the $11\%$ rate of return?

$$119,051$

$$1,626,196$

$$261,118$

$$741,426$

Question $10$

$10$ pts

If you are able to earn a $6\%$ rate of return, what amount would you need to invest to have $$6,000$ two years from now?

$$5,339\mathrm{.}98$

$$5,714\mathrm{.}28$

$$5,370\mathrm{.}00$

$$5,549\mathrm{.}34$