1.) At what per annum rate must $281 be compounded daily for it to grow to $846 in 9 years? (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%) (Assume 365 days in the year)

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2.) What is the present value of the following set of cash flows if the discount rate is 16.4%? (the cash flows occur at the end of each period) (round answer to nearest penny and enter in the following format 12345.67) Year 0 cash flow = -3100 (a negative cash flow) Year 1 cash flow = 2100 Year 2 cash flow = 1200 Year 3 cash flow = 300 Year 4 cash flow = 400

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