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1. How much will $500 invested today be worth in 3 years if the rate of return is 8%? 2. Assume that you are financing

1. How much will $500 invested today be worth in 3 years if the rate of return is 8%?

2. Assume that you are financing a $15,000 car over 4 years with monthly payments based on an APR of 12% compounded monthly. What is the monthly payment?

3. Consider the following series of cash flows: 100 in 1 year, 200 in 2 years, 400 in 3 years If your discount rate is 10%, what is the net present value?

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