You are offered an investment opportunity with the "guarantee" that your investment will double in $25$ years. Assuming annual compounding, what annual rate of return would this investment provide? $($Round to $2$ decimal places$)$

If you would like to accumulate $$21,000$ over the next $5$ years, how much must you deposit each six months, given a $4\mathrm{.}9\%$ interest rate and semiannual compounding?

$FV=21\mathrm{.}000,=Pmt$

$N=5\mathrm{.}2$

$IN=4\mathrm{.}9$

Marquix Santos has been offered three NFL contracts. Identify the present value of each contract and determine which contract Marquix should select using a discount rate of $10\%.$ Round each contract to the nearest cent $(2$ decimal places$).$

Eagles Contract

$978,000$ signing bonus, immediate

$365,000$ at the end of years $1-5$

$450,000$ at the end of year $6-7$

Bengals Contract

$1,500,000$ signing bonus, immediate

$300,000$ at the end of years $1-4$

$500,000$ at the end of year $5$

$550,000$ at the end of years $6$ and $7$

Vikings Contract

No signing bonus

$400,000$ at the end of years $1-5$

$650,000$ at the end of year $6$

$850,000$ at the end of year $7$

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