1. Differentiate between Bankruptcy and Agency Costs.
2. Calculate the future value of an annuity due given the following information: Number of periods: 4 Interest rate: 9% Payments of $100 made at the beginning of each period.
3. A worker wants to have $2,000,000 by the time they retire. The worker plans on working 40 years until he retires. What yearly payment must be put into a savings account at the end of each year if the savings account yields 8% annually?