1. What is the present value of a security that will pay $15,000 in 15 years if securities of equal risk pay 15% annually ?* a) $1843 b) $4787 c) $4066 d) $4728 e) None of the above 2. Rabih now has $8000. How much would he have after 8 years if he leaves it invested at 8% with annual compounding? * a) $9,560 b) $7,560 c) $12,555 d) $14,807 e) None of the above