1. What is the future value of $1500 after 5 yeard if the appropriate annual interest rate is 6% with interest compounded semiannually?
2. A firm sells $165,900 of its accounts receivable to factors at a 3 percent discount. The firm’s average collection period is one month. What is the dollar cost of the factoring service? (Round answer to nearest whole dollar, e.g. 5,275.) The dollar cost of the factoring service is $.
3. Does the amount of money at risk impact the riskiness of an investment? Explain?