1) Kuley bought a new loom today from GlivCo. She will receive a cash rebate of $820 from GlivCo in 1 year, pay $1,470 to GlivCo in 2 years, receive a cash rebate of $940 from GlivCo in 4 years, and pay $3,580 to GlivCo in 7 years. If the discount rate is 7.12 percent, then what is the present value of the cash flows associated with this transaction? Note: the correct answer is less than zero. Round your answer to the nearest cent (for example, -123.45 or -98.76).

2) A loom is expected to produce regular annual cash flows of $15,000 with the first regular cash flow expected later today and the last regular cash flow expected in 6 years from today. In addition to the regular cash flows of $15,000, the loom is also expected to produce an extra cash flow of $23,000 in 6 years from today. The cost of capital for the loom is 4.50 percent. What is the value of the loom?

3)

	Kuley plans to retire in 8 years with $263,700 in her account, which has an annual return of 8.17 percent. If she receives annual payments of X, with her first payment of X received in 8 years and her last payment of X received in 15 years, then what is X, the amount of each payment?