1) A Real Estate Company estimates the net income on a property to be $100,000 for the next year and expected to increase at 5% annually indefinitely. Estimate the minimum acceptable rental fee for the property (fixed) for a 5 year lease term. Use a discount rate of 12%

	a)$255,000
	b)$ 394,000
	c)$400,000
	d)$388,881

2) Assuming you save $600 at the end of every year over a 50-year period. If your goal is to have $1,000,000 in savings at retirement, what APR must the savings account be offered at, to achieve this?

	a)5%
	b)2%
	c)11%
	d)15%