What is the present value of the following cash flows at a
discount rate of 6%? Years 1 – 5 $10,000 Years 6 – 10 $12,000 Years
11 – 20 $15,000
A. $109,896
B. $119,157
C. $141,544
D. $129,639
If a professor currently earns $80,000 per year and expects
annual salary increases of 3%, approximately how long will the
professor have to work before his/her annual salary reaches
$500,000 per year?
A. 62 years
B. 49 years
C. 101 years...