The president of Cougar Association needs to withdraw $38000 ten years from today. If her account earns 9 percent compounded annually, how much must she deposit today?

a. 16051.61 b. 34862.39 c. 8995.98 d. 3486.24 e. none of the above

What is the value to Dale of an investment providing a Year 1 expected cash flow of $240, a Year 2 cash flow of $600, and a Year 3 cash flow of $730, assuming Dale requires a 10% return?

a. 1262.51 b. 1680.40 c. 1284.33 d. 1297.52 e. none