1. Sarah’s retirement goal is $1,000,000. The bank is offering you a certificate of deposit that is good for forty years at 4.7%. What initial deposit does Sarah to make today to reach her $1,000,000 goal at the end of forty years?
2. Imagine our class has been selected as a team of experts tasked with completing a qualitative cash flow forecast for Barnes and Noble. What trends do you imagine will influence the company in the next 12 months?