This morning you invested $20,000 in an account that earns 8.5% per year, compounded monthly. When the account reaches $171,200 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

This morning you invested $21,500 in an account that earns 10.5% per year, compounded monthly. When the account reaches $184,040 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

Several investors co-own shares of a project. The co-owners received an annual payment of $5.00 per share yesterday. Analysts expect the project to increase its annual payment by 11% per year for three years in a row. Thereafter, it is expected that the payment will grow at an annual rate of 5%, forever. If the co-owners require a rate of return of 16.5%, what is one share of the project worth today? (Round your answer to the nearest penny. Do not enter the dollar symbol or any commas. For example, if your answer is $1,234.56789, enter 1234.57. Do not worry if Canvas adds commas or truncates trailing zeros.)

This morning you invested $21,500 in an account that earns 10.5% per year, compounded monthly. When the account reaches $184,040 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

This morning you invested $21,800 in an account that earns 11.5% per year, compounded monthly. When the account reaches $162,400 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

Several investors co-own shares of a project. The co-owners received an annual payment of $5.75 per share yesterday. Analysts expect the project to increase its annual payment by 9% per year for three years in a row. Thereafter, it is expected that the payment will grow at an annual rate of 3.5%, forever. If the co-owners require a rate of return of 11.5%, what is one share of the project worth today? (Round your answer to the nearest penny. Do not enter the dollar symbol or any commas. For example, if your answer is $1,234.56789, enter 1234.57. Do not worry if Canvas adds commas or truncates trailing zeros.)

This morning you invested $21,800 in an account that earns 11.5% per year, compounded monthly. When the account reaches $162,400 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

This morning you invested $20,500 in an account that earns 9.5% per year, compounded monthly. When the account reaches $151,400 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

This morning you invested $20,500 in an account that earns 9.5% per year, compounded monthly. When the account reaches $151,400 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)

This morning you invested $19,700 in an account that earns 9.5% per year, compounded monthly. When the account reaches $176,700 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)