2. Kant Miss Company is promising its investors that it will double their money every 3 years. What annual rate is the company promising? a. 17% c. 23% b. 21% d. 26% 3. You want to know the present value of a lump sum, $50,000, to be paid in 3 years from now. What is its present value at the rate of 7.4% under continuous compounding? a. $23,460.59 c. $36,237.70 b. $27,667.89 d. $40,045.77 4. What is the present value of $5,000 annual payments that starts 9 years from now and goes forever, if the discount rate is 10%? a. $23,325.37 c. $28,223.70 b. $25,657.91 d. $31,046.07