1. Larry James is planning to invest $25,500 today in a mutual fund that will provide a return of 0.10 each year. What will be the value of the investment in 10 years?
2. Why would a city prefer to use a municipal bond to finance a long-term capital project versus creating a new tax?
3. You buy a stock for $50 per share. Over the next four months, it has monthly returns of 4%, 5%, 2%, and -3%. The value of a share at the end of the fourth month is?