The lincoln wheat penny was designed by victor d. brenner in 1909. currently, the most valued penny is the 1909 s vdb penny. it was minted in san francisco and only 484,000 were minted with the initials on the back. in 2015, the s vdb penny in uncirculated condition is worth $3,200. when will it be worth $5,000? (round your answer to the nearest year.)

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan