1.Compute the PV of a $13,395.00 payment made in 7 years when the discount rate is 8.23%.

		$8,217.29
		$8.006.37
		$7,700.33
		$7,429.95

2)You deposit $425.00 into an account which pays 1.25% for the first two years. However, the rate of interest drops to 0.75% thereafter. About what is the value of your investment four years from today [assme annual compounding].?

$446.65

$442.25

$426.28

$20.37

3.You have $3,000.00 in an account that pays 3.2% annual interest. About how many additional dollars of interest would you earn over a two years period if you moved the money to an account earning 5.1%?

		$57.00
		$87.23
		$118.73
		$128.54