show calculator inputs.

Time Value of Money Show your work on this sheet. Upload it back to Canvas. 1 . A company's 2005 sales were $100 million. If sales grow at 8% per year, how large will they be 10 years later, in 2015, in millions? 1. Sims Inc. earned S1.00 per share in 2000. Five years later, in 2005, it earned $2.00. What was the growth rate in Sims' earnings per share (EPS) over the 5-year period? 2. Addico Corp's 2005 earnings per share were S2, and its growth rate during the prior 5 years was 1 1.0% per year. If that growth rate were maintained, how long would it take for Addico's EPS to triple? 3. You want to go to grad school 3 years from now, and you can save S5,000 per year, beginning one year from today. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have just after you make the 3rd deposit, 3 years from now? 4. Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income per year for 20 years, beginning immediately. The going rate on such annuities is 6%. How much would it cost him to buy such an annuity today