1- You wish to have $50,000 to make a down payment on a house in 4 years. How much do you have to put TODAY into an account that earns 9%, compounded quarterly?

$5,012.77

$2,630.83

$35,023.29

2- An investment pays no cash flows for the next 3 years. After three years, the investment pays $1000 per year for 10 years. After that, the investment pays $2000 per year forever. The appropriate discount rate is 10%. What is the investment worth today?

$13,855.43

$10,409.79

$9,855.80

$26,144.57

$35,421.26