Use the following table to answer the question. Periods 5% 6% 7% 10%
1 0.95238 0.94340 0.93458 0.90909
2 0.90703 0.89000 0.87344 0.82645
3 0.86384 0.83962 0.81630 0.75132
4 0.82270 0.79209 0.76290 0.68301
5 0.78353 0.74726 0.71299 0.62092
6 0.74622 0.70496 0.66634 0.56447
7 0.71068 0.66506 0.62275 0.51316
8 0.67684 0.62741 0.58201 0.46651
9 0.64461 0.59190 0.54393 0.42410
10 0.61391 0.55840 0.50835 0.38554
What is the present value of a $61,200 to be received five years, if the market rate is 7% compounded annually? Round your answer to two decimal places.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)