1. The present value of $100 received in the future will always be

( )Negative

(0 ) or more than (0)

Less than $100,

Exactly $100 More than $100

2. The City of Chicago has decided to bid for the 2030 Winter Olympics, and they have come to you to decide how much they should bid! The city believes that the games will increase the city's economic activity in the future due to increased tourist spending, hotel stays, etc. Assume a 5% interest rate for this question. In the year 2029 the city believes it will receive $8,000,000,000 billion in increased economic activity. What is the present value of this benefit? Round to nearest dollar. ( )

3.Teams often choose to locate outside of the central cities because land is cheaper there.

( )True

( )False

4.Since the early 90's, as cities' bargaininig power has decreased, there has been an increase in multi-sport stadiums.

( ) True

( ) False