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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
a. What is the future worth of a present cost of $285,000 to Monsanto, Inc. 5 years from now at an interest rate of 2% per month? b. Environmental recovery company RexChem Partners plans to finance a site reclamation project
that will require a 4-year cleanup period. The company plans to borrow $3.6 million now. How much will the company have to get in a lump-sum payment when the project is over in order to earn 24% per year, compounded quarterly, on its investment?
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