You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $2,600 at the end of each month, how many months will it take for your account to grow to $475,000? O a. 124.21 months Ob. 38.78 months c. 124.73 months d.98.41 months Oe. 37.86 months After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit $9,000 a year for the first 6 years (t 1 through t=6) and $18,000 annually for the following 6 years (t = 7 through t 12). The first deposit will be made a year from today. In addition, your grandfather just gave you a $27,500 graduation gift which you will deposit immediately (to). If the account earns 7% compounded annually, how much will you have when you start your business 12 years from now? a. $287,311 Ob. $255,074 Oc. $296,324 O d. $294,074 Oe. $283,259 Sam was injured in an accident, and the insurance company has offered him the choice of $73,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.8%, how large must the lump sum be to leave him as well off financially as with the annuity? a. $705,545.45 b. $632,545.45 O c. $654,494.85 Od. $681,883.99 e. $656,376.94 In 2020, Garner Grocers had taxable income of -$3,500,000. The corporate tax rate is 25%. Assume that the company takes full advantage of the Tax Code's carry-forward provision. In 2021, Garner has taxable income of $500,000. What is the amount of taxes the company paid in 2021? a. $2,625,000 b. 50. c. $875,000 d. $375,000 e. $125,000