1. You have $100,000 to invest. You want to have $500,000 for retirement. You can invest your funds at a 7% annual rate of return. Rounded to the nearest year, how long before you will be able to retire?
2. Growth Enterprises believes its latest project, which will cost $88,000 to install, will generate a perpetual stream of cash flows. Cash flow at the end of the first year will be $10,560. What is the project’s IRR?
3. Hamilton and Jefferson disagreed on most matters, describe Hamilton’s Financial Plan and Jefferson’s opposition to those policies. What compromises were made to adopt Hamilton’s policies?