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2 - F . An investment earns an annual rate of 1 1 . 5 % compounded every quarter and pays you $ 1 ,

2 -

.

An investment earns an annual rate of

11.5 %

compounded every quarter and pays you $

1, 163

after two years. What is its present value?

2 -

.

Wendy G

.

is to receive $

1, 351

from an inheritance in three and a half years. If the appropriate discount rate is

8.4 %

compounded every quarter, what is the present value of the inheritance?

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