How much will the firm need to borrow

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Reference no: EM132017269

1. How much must you invest at 11% interest in order to see your investment grow to $13,000 in 13 years? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

2. Friedman Roses, Inc. needs $76,000 in funds for expansion. With a compensating balance requirement of 18%, how much will the firm need to borrow? (Round your answer to the nearest dollar amount.)

3. If you invest $10,000 at 10% interest, how much will you have in 10 years? Use Appendix A. (Round "FV Factor" to 3 decimal places.)

Reference no: EM132017269

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