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QUESTION 9 Troy wants to sail around the world five years from now. He will need $40,000 to accomplish this task. If he can get

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QUESTION 9 Troy wants to sail around the world five years from now. He will need $40,000 to accomplish this task. If he can get 10% interest on his Investment, how much would he need to invest today in order to have the $40,000 five years from now? Use 3 digits past the decimal place (thousandths) QUESTION 10 A travelling salesman is attempting to convince me to invest in a gokart building project. This project should produce $10,000 positive cash flows for the next 5 years, after which I will receive nothing. The saleman wants requires a $30,000 investment for me to get the future cash flows. If I can normally get 8% return on my investments, AND the salesman is accurate with his cash flow predictions, how much better (positive) or worse (negative) off will be if I accept his offer? QUESTION 11 [Same information, different question) A travelling salesman is attempting to convince me to invest in a gokart building project. This project should produce $10,000 positive cash flows for the next 5 years, after which I will receive nothing. The saleman wants requires a $30,000 investment for me to get the future cash flows. If I can normally get 8% return on my investments, AND the salesman is accurate with his cash flow predictions, what is the payback period in years if I accept his offer

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