1. An account has been established 4 years ago with an initial deposit. today the account is credited with annual interest of 291. the interest rate is 7.6 compounded annually. no other deposits or withdrawals have been made. how much is the end of the day balance.
2. What are the advantages of the Time Value of Money principle for Non-profit Organizations? Please consider both revenue and expense perspectives.
3. A project has an initial cost of $45,000, expected net cash inflows of $8,000 per year for 7 years and a cost of capital of 12%. What is the project's IRR?