1.Assume that you invest $12,100 today at an annual rate of five percent for three years. How much will you have at the end of three years (rounded to the nearest dollar)?

$13,827

$13,900

$14,007

$14,120

2.Assume you receive $5,800 in two years and the annual interest rate is four percent. Using the present value formula, how much is that amount worth in today's dollars (rounded to the nearest dollar)?

$5,192

$5,238

$5,362

$5,428

3.Inglewood Inc. would like to purchase a specialized production machine for $3,500,000. The machine is expected to have a life of three years, and a salvage value of $200,000. Annual maintenance costs will total $200,000. Annual material savings are predicted to be $900,000. The company's required rate of return is 20 percent. Ignoring the time value of money, what is the net cash inflow or (outflow) resulting from this investment opportunity?

$2,300,000

$1,200,000

($1,200,000)

($2,300,000)

None of the answer choices is correct.