You have just inherited $590,000. You plan to save this money and continue to live off the money that you are earning in your current job. If you can invest the money in a bond that pays 4.03 percent interest annually, how long will it be before your inheritance is worth $1 million? (If you solve this problem with algebra round intermediate calculations to 5 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72.)

Inheritance will be worth $1 million in

years

Ivanhoe Corp had sales of $376,000 in 2017. If management expects its sales to be $476,450 in 3 years, what is the rate at which the companys sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)

Growth rate

%

Donna Clark needs to decide whether to accept a bonus of $1,620 today or wait two years and receive $1,910 then. She can invest at 6 percent. What should she do?

select an option YesNo, she should not accept the bonus today.