1. If Alessandra commits $4,500 to an IRA each year for 30 years and receives 6% interest, what will Alessandra’s total investment be worth at the end of the 30 years?
2. The Miami Dolphins are considering paying Jonathan Martin a lump sum of $10470000 three years from now as part of a settlement. If the relevant discount rate is 5 percent, what is the present value of this liability?
3. What are some factors to consider in evaluating a company's ability to make payments on outstanding debt? Please explain the factors rather than just providing a list.