Business Finance Homework Help

Five simple questions but need 100% accuracy

1. Tensing Palmo expects to receive $10,596 on his birthday 11 years from now. He knows he could earn 0.0847 on an investment for 11 years. The present value of this money is:

2. IronBridge Holdings had sales of 116,883 last year and expect sales growth of 0.12 going forward. How long will it take IronBridge to double their sales at this rate?

3. Djimon Sala has $13,243 to invest today and would like to have 25,912 in 4 years. To reach his goals, Djimon would need to earn a rate closest to:

4. Druscilla Lopez just received $1,570 and plans to invest it for 7 years. The interest rate paid on an 7 year risk-free investment is 0.04. The amount Druscilla expects to have in 7 years is:

5. Chrysalis Financial is offering a 3 year certificate of deposit with quarterly compounding at 0.0565. You decide to invest 2,949 in the certificate today. On the maturity date, the amount the investment will be worth is closest to: