a/

1. You want to retire in 30 years and you plan on investing equal monthly payments in an account that provides a 12% annual rate of return to fund your retirement. You'd like to have $3,000,000 in your account when you retire. How much must you invest each month to achieve your goal? Round intermediate steps to four decimals.

   		924.92
   		849.88
   		858.38
   		1035.91

2. Your company is considering a project that costs $100,000 which is expected to produce the a cash flow of $30,000 every year for the next four years. Find the net present value of this project if investors require a 7% rate of return. Round your final answer to two decimals. Do not use the dollar sign when entering your response
3. There is a negative relationship between changes in expected inflation and changes in the risk-free rate T/F
4. The internal rate of return is the discount rate that forces the present value of a project's expected future cash flows to exactly equal the project's initial outlay T/F