You just settled an insurance claim that calls for increasin…

You just settled an insurance claim that calls for increasing payments over a 10-year period. The first payment will be paid one year from now in the amount of $5,000. The following payments will increase by 3.5 percent annually. What is the value of this settlement to you today if you can earn 6.5 percent on your investments?

You want a seat on the board of directors of Four Keys, Inco…

You want a seat on the board of directors of Four Keys, Incorporated. The company has 305,000 shares of stock outstanding and the stock sells for $52 per share. There are currently 4 seats up for election. If the company uses cumulative voting, how many shares do you need to guarantee that you will be elected to the board?