1. Assume you would like to receive $56,653.54 six years from now, and that the interest rate will compound semiannually at 10.4%. How much should you invest today to receive $56,653.54 six years from now?

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2. Lets say a firm will receive $600 today, $850 one year from now, $1,000 two years from now, $1,500 three years from now, and $1,550 four years. Assuming the interest/discount rate that applies here is 14.3%, and that it compounds annually, what is the present value of these cash inflows?