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1. An investor begins saving $1,232 each year, starting three years from now, for 3 years. What is the present value of those savings right
1. An investor begins saving $1,232 each year, starting three years from now, for 3 years. What is the present value of those savings right now if the discount rate is 5 percent per year?
2. When evaluating your portfolio at year-end, you notice that the mutual fund you bought a year ago for $16.52 is now trading for $16.89. The mutual fund has recently paid a $1.61 dividend. What is your total return on this investment?
Report your answer in decimal form to the nearest fourth decimal (e.g., if the answer is 1.23%, report this as 0.0123)
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