A firm knows that it has to purchase $10,000 of raw materials in 16 months. How much cash do they need to deposit today in a fund earning 6% APR compounded monthly to fully fund the purchase?

A financial security will pay the holder a constant $760 per year, forever. What is the value of this security today if the next payment is one year from today, and the required return is 12% APR compounded annually?