1. Calculate the original purchase price of the furniture that Nigel and Elizabeth own (Hint: Use time value of money calculations).
2. Calculating the Cash Budget. Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2012:
3. An investment promises two payments of $620, on dates four and eight months from today. If the required rate of return on the investment is 5.2%:
what is the value of the investment today?