1.What is the present value of the following future amounts?

a. $700 to be received 9 years from now discounted back to the present at 9 percent

b. $400 to be received 7 years from now discounted back to the present at 7 percent

c. $1,050 to be received 11 years from now discounted back to the present at 5 percent

d. $1,200 to be received 4 years from now discounted back to the present at 20 percent

2.Sales of a new finance book were 13,000 copies this year and were expected to increase by 23 percent per year. What are expected sales during each of the next 3 years? Graph this sales trend and explain.

3. Giancarlo Stanton hit 49 home runs in 2017. If his home-run output grew at a rate of 8 percent per year, what would it have been over the following 5 years?