question 1:  how business processes as services can improve efficiency. This discussion is about business process as a service and security.  Use at least three sources. Use the Research Databases available from the Danforth Library not Google.   Include at least 3 quotes from your sources enclosed in quotation marks and cited in-line by reference to your reference list.  Example: "words you copied" (citation) These quotes should be one full sentence not altered or paraphrased. Cite your sources using APA format. Use the quotes in your paragaphs.  Stand alone quotes will not count toward the 3 required quotes (500-550 words in word document with references 6 years or less old)(Please follow APA format) Please 3 references from journals or books will be appreciated. Write everything in own words. Question 2: (1) Define the time value of money.  Do you believe that the average person considers the time value of money when they make investment decisions?  Please explain.   (2) Distinguish between ordinary annuities and annuities due.  Also, distinguish between the future value of an annuity and the present value of an annuity. (500-550 words in word document with references 6 years or less old)(Please follow APA format) Please 3 references from journals or books will be appreciated. Write everything in own words. Question 3: Chapter 1 13. Financial Managers. Explain the differences between the CFO’s responsibilities and the treasurer’s and controller’s responsibilities. (LO1-4)  14. Goals of the Firm. Give an example of an action that might increase short-run profits but at the same time reduce stock price and the market value of the firm. (LO1-5)  15. Cost of Capital. Why do financial managers refer to the opportunity cost of capital? How would you find the opportunity cost of capital for a safe investment? (LO1-5) Chapter 2 17. Functions of Financial Markets. What kinds of useful information can a financial manager obtain from financial markets? Give examples. (LO2-3)  18. Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! Brands stock has risen to $180. What is the market value of the firm’s equity if the number of outstanding shares does not change? b. The rating agency has revised Catalytic Concepts’ bond rating to A. What interest rate, approximately, would the company now need to pay on its bonds? c. A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed price, and the other agrees to sell. Which one sells?  19. The Financial Crisis. True or false? (LO2-4) a. The financial crisis was largely caused by banks taking large positions in the options and futures markets. b. The prime cause of the financial crisis was an expansion in bank lending for the overheated commercial real estate market. Chapter 5 1. Compound Interest. Old Time Savings Bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there: (LO5-1) a. How much interest will you earn in the first year? b. How much interest will you earn in the second year? c. How much interest will you earn in the 10th year?  2. Compound Interest. New Savings Bank pays 4% interest on its deposits. If you deposit $1,000 in the bank and leave it there, will it take more or less than 25 years for your money to double? You should be able to answer this without a calculator or interest rate tables. (LO5-1)  3. Compound Interest. Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is now 2019. (LO5-1) a. If your great-grandfather invested $1,000 in 1900, how much would that investment be worth today? b. If an investment in 1900 has grown to $1 million, how much was invested in 1900? 5. Future Values. You deposit $1,000 in your bank account. (LO5-1) a. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? b. How much will you accumulate if the bank pays compound interest? 9. Future Values. You invest $1,000 today and expect to sell your investment for $2,000 in 10 years. (LO5-1) a. Is this a good deal if the interest rate is 6%? b. What if the interest rate is 10%?  10. Future Values. Your wealthy uncle established a $1,000 bank account for you when you were born. For the first 8 years of your life, the interest rate earned on the account was 6%. Since then, rates have been only 4%. Now you are 21 years old and ready to cash in. How much is in your account? (LO5-1)  11. Present Values. You can buy property today for $3 million and sell it in 5 years for $4 million. (You earn no rental income on the property.) (LO5-2) a. If the interest rate is 8%, what is the present value of the sales price? b. Is the property investment attractive to you? c. Would your answer to part (b) change if you also could earn $200,000 per-year rent on the property? The rent is paid at the end of each year.