1. Supposed that you have $50,000 and need to invest it so that you will have $1,000,000 twenty years from now to repay a debt. What interest rate do you have to earn, assuming monthly compounding?
2. Supposed that you have $50,000 available today and can invest it at 7% per year. How long will it be before you have accumulated $500,000 in the investment?
3. As organizations grow from being a new venture to adding employees and departments, they often change their organizational structures. How do organizations typically change their structures over time, and why?