1.

How much must be invested today to have $1,000 in two years if the interest rate is 5%?

Group of answer choices

$909.09

$900.00

$907.00

$950.00 2.

Find the present value of $100 to be received at the end of two years if the discount rate is 12% compounded monthly.

Group of answer choices

$66.50

$78.76

$68.80

$91.80

$79.75