What is the future value in 30 years of $100,000 invested today in a savings account earning a 1% compound interest rate every year (rounded up to the nearest dollar)?

Question 3:

Frank is going on vacation to Italy, so he will have purchase some euros (e). How many euros will he get for $375 if the exchange rate is $1 =  1.2769 euros?  Give your answer to the nearest euro.

Question 4:

A company wants to have $7 million in sales with $2 million in profit. It will have fixed costs of $3 million. Each unit of its product sells for $25. How much contribution per unit must the company have to meet its goals?


Question 5:

A company has $350,000 in accounts receivable, $100,000 in current inventory, and $125,000 in accounts payable. What is its working capital?