2.1 (Future value) You have just introduced 'must- have'headphones for the iPod. Sales of the new product are expected to be 10000 units this year and are expected to increase by 15% per year in the future. What are expected sales during each of the next three years? Graph this sales trend and explain why the number of additional units sold increases every year. 2.2 (Solving for i) You are considering investing in a security that will pay you $1000 in 30 years. (a) If the appropriate discount rate is 10%, what is the present value of this investment? (b) Assume these investments sell for $365, in return for which you receive $1000 in 30 years; what is the rate of return investors earn on this investment if they buy it for $365? 2.3 (Solving for n ) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330000 Rolls-Royce Phantom. Jack currently has $45530 that he may invest. He has found a managed fund that pays 4.5% annual interest in which he will place the money. How long will it take Jack to win Jill's hand in marriage? 2.4 (Present value) Ronen Consulting has just detected an accounting error that has resulted in an unfunded liability of $398930 due in 28 years. In other words, the company will need $398 930 in 28 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's shares. If the appropriate discount rate is 7%, what is the present value of the liability