Robinson Hardware is adding a new product line that will require an investment of \( \$ 1,346,000 \). Managers estimate that this investment will have a 10 -year life and generate net cash inflows of \( \$ 290,000 \) the first year, \( \$ 260,000 \) the second year, and \( \$ 210,000 \) each year thereafter for 8 years. Compute the payback period. Round to one decimal place. Payback in years =

\begin{tabular}{ll|l|}\hline A. UNA SERIE DE PAGOS MESUALES SE INICIA HOY CON UN AHORRO DE \( \$ 50.000 \) EN EL MES 1 DE \( \$ 60.000 \), EN \\ EL MES \( 2 \$ 70.000 \) Y ASI SUCESIVAMENIE HASTA LLEGAR A EL MES 23. PARA UNA TASA DE INTERES DEL \( 32 \% \) \\ \hline\end{tabular}

What is the approximate balance after 20 years? Choose the correct answer below. \( \begin{array}{ll}\text { A. } \$ 200 & \text { B. } \$ 400 \\ \text { C. } \$ 100 & \text { D. } \$ 10 \\ \text { b) About how fast is the balance increasing after } 20 \text { years? } \\ \text { Choose the correct answer below. } \\ \begin{array}{ll}\text { A. } \$ 5 / y e a r & \text { B. } \$ 200 / y e a r \\ \text { C. } \$ 20 / y e a r & \\ \text { c) Use the answers to parts a) and b) to determine the interest rate. }\end{array} \\ \text { The interest rate is } \square \% .\end{array} \)

How much money must you invest now at \( 4.2 \% \) interest compounded continuously in order to have \( \$ 10,000 \) at the end of 4 years? You must invest \( \$ \square \). (Round to the nearest cent as needed.)

laptop has a listed price of \( \$ 520.99 \) before tax. If the sales tax rate is \( 6.75 \% \), find the total cost of the laptop with sales tax included. ound your answer to the nearest cent, as necessary. \$ \( \square \)

Find the present value of \( \$ 7,000 \) to be received in 5 years, if money may be invested at \( 7.2 \% \) with interest compounded continuously. The present value is \( \$ \square \). (Round to the nearest cent as needed.)