1. You are at retirement age and one of your benefit options is to accept a monthly annuity of $6,900 for 20 years. What lump sum settlement, if paid today, would have the same present value as the $6,900 monthly annuity? Assume a 5% discount rate.
2. Don would like to accumulate $850000 by time he retires in 30 years. If he can earn 9.2% return compounded annualy how much does he have to invest today?
3. Research a company with international operations and find out the kinds of entry strategies the firm has used.