1. Consider the following uneven cash flow stream:

Year: 0 Cash flow: $ 0

Year 1: Cash flow: $250

Year 2: Cash flow: $395

Year 3: Cash flow: $500

Year 4: Cash flow: $356

Year 5: Cash flow: $356

Assume the discount rate for this uneven cash flow stream is 10%. What is the present value of this uneven cash flow stream today?

Please round your answer to the second decimal without dollar sign (e.g. 1.23)

2.

As a result of winning the Gates Energy Innovation Award, you are awarded a growing perpetuity. The first payment will occur in a year and will be for $5,759. You will continue receiving monetary awards annually with each award increasing by 2.61% over the previous award, and these monetary awards will continue forever. If the appropriate annual interest rate is 9.7%, what is the present value of this award?

Please round your answer to the second decimal without dollar sign (e.g. 1.23)

3.

How many years will it take to pay off a loan of $50,369 at an annual rate of 8.68% compounded monthly if you make monthly payment of $597?

Please round your answer to the second decimal. For example, if your answer is 1.23 year, then you should input "1.23".

4.

You are saving money to go to graduate school. You've taken your first job and you plan to save $366 every month into the bank account that pays 5.55% compounded monthly for the next four years for your grad school fund.

How much money will you accumulate by the end of year four?

Please round your answer to the second decimal without dollar sign (e.g. 1.23)