1) Suppose you invest $10000 into a mutual fund that is expected to earn a rate of return of 7%. How money will you have in 7 years? .Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer.

 

2) If $10000 is invested in a certain business at the start of the year, the investor will receive $1000 at the end of each of the next 7 years. What is the present value of this business opportunity if the interest rate is 5% per year?Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer.