"In 1820 a William Record of London, England, deposited $0.50 (or the equivalent in English pounds sterling) for his granddaughter in the Bank of London. Unfortunately, he died before he could tell his granddaughter about the account. One hundred and sixty years later, in 1980, the granddaughter's heirs discovered the account. What was the value of the account if the bank paid an annual interest of 6% compounded continuously?"

Your project team’s recommendations to increase productivity have been approved and your team is now working on an implementation plan. in order to accomplish the plan, several subject matter experts from various parts of the organization have been brought in to assist. you have noticed friction and conflict among team members. some of the disagreement and opposition on your team supports the achievement of team goals and objectives. this type of conflict can be described as:

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?