1. Which of the following is worth more assuming an interest rate of 7%: $300,000 now or the following future cash flows Year 1 Year 2 Year 3 Year 4 75,000 100.000 150.000 50,000 2. $5,000 invested for 14 years grew to $18,000. What annual interest rate was earned? 3. Mclovin invested $5,000 in a mutual fund and earned 8% annually for 12 years. He then and took the proceeds from the mutual fund and made an investment in a risky new company. The investment earned him 18% for the next 13 years. What is his investment worth