1. An investor tells you that his property is worth $305,000 after ten years at an annual compound growth rate of 2%, what was the original investment?
2. The terms of the sale were 1/9, net 47. What is the effective annual rate of interest?
3. Calculate the annualized cost of the trade credit terms of 1/15?, net 45 when payment is made on the net due date? (assume a? 365-day year).