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QUESTION 11 An investment advertisement boasts you can double your money. If the...

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Finance

QUESTION 11

  1. An investment advertisement boasts you can double your money. If the interest rate is 7.2%, how long would it take?

Question 12

SCENARIO: You were working for Rolling Hills when you became injured on the job. The Rolling Hills Company offers you one of three settlement options to choose from. Which would you choose if the discount rate were 6%? Option 1: $400,000 today Option 2: $60,000 each year for the next 10 years, or Option 3: $600,000 in 10 years

Provide the answer for OPTION 1 (in this format x,xxx.xx)

Provide the answer for OPTION 2 (in this format x,xxx.xx)

Provide the answer for OPTION 3 (in this format x,xxx.xx)

Provide the answer for WHICH WOULD YOU CHOOSE (WRITE: 1, 2, or 3)

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