A developer wants to purchase three acres of commercial property that will be worth $150,000 in 5 years. It is estimated that the value of the land increases at 9% per year. How much should the developer be willing to pay now for this property?

Question 1

	$13,500
	$30,000
	$50,000
	$97,485

Question 2

A company borrows $25,000 for 3 years at an interest rate of 7%. How much must it repay in a lump sum at the end of the third year?

Question 2 options:

	$26,750
	$30,625
	$32,000
	$75,000