Scenario Questions Five years ago, Coast Appliances was supposed to upgrade one of its facilities at a quoted cost of $48,000. The upgrade was not completed, so Coast Appliances delayed the purchase until now. The construction company that provided the quote indicates that prices rose 6% compounded quarterly for the first 1/2 years, 7% compounded semi-annually for the following 242 years, and 7.5% compounded monthly for the final year. If Coast Appliances wants to perform the upgrade today, what amount of money does it need? Sebastien needs to have $9,200 saved up three years from now. The investment he considering pays 7% compounded semi-annually, 8% compounded quarterly, and 9% compounded monthly in successive years. To achieve his goal, how much money does he need to place into the investment today