You have successfully started and operated a company for the past 10 years. you have decided that it is time to sell your company and spend time on the beaches of hawaii. a potential buyer is interested in your company, but he does not have the necessary capital to pay you a lump sum. instead, he has offered $800,000 today and annuity payments for the balance. the first payment will be for $190,000 in three months. the payments will increase at 2.4 percent per quarter and a total of 20 quarterly payments will be made. if you require an ear of 11 percent, how much are you being offered for your company?

Jenny​ walters, who owns a real estate​ agency, bought an old house to use as her business office. she found that the ceiling was poorly insulated and that the heat loss could be cut significantly if six inches of foam insulation were installed. she estimated that with the​ insulation, she could cut the heating bill by​ $80 per month and the​ air-conditioning cost by​ $70 per month. assuming that the summer season is three months​ (june, july, and​ august) of the year and that the winter season is another three months​ (december, january, and​ february) of the​ year, how much can jenny spend on insulation if she expects to keep the property for five​ years? assume that neither heating nor​ air-conditioning would be required during the fall and spring seasons. if she decides to install the​ insulation, it will be done at the beginning of may.​ jenny's interest rate is​ 6% compounded monthly.