Your older sister deposited $2,000 today at 6.5 percent interest for 5 years. you would like to have just as much money at the end of the next 5 years as your sister will have. however, you can only earn 6 percent interest. how much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years? $32.19 $47.62 $38.78 $40.21 $53.39

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?

Which of these makes a student loan different from other types of loans