1. Using the basic formula for present value along with the given discount rate, i, and number of periods, n, calculate the present value interest factor (PVIF) in each of the following cases.

Express you answer to three decimal points

Case	Discount Rate, i (%)	Number of Periods, n	Present Value Interest Factor
A	5	5
B	10	3
C	12	2

2. Today you invested $1,000 in your bank account. Next year you plan to invest $3,000 in the account. How much will you have in the account in two years if the bank pays interest at the rate of 9%?

• $3,593.97

• $4,859.33

• $4,090.00

• $4,458.10

• $3,917.43