An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $350 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 7% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.

PV: $

FV: $

You want to buy a car, and a local bank will lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 4% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places.

Monthly loan payment: $

EAR: %

1. Find the present values of the following cash flow streams at an 11% discount rate. Do not round intermediate calculations. Round your answers to the nearest cent.

0

1

2

3

4

5

Stream A	$0	$150	$400	$400	$400	$250
Stream B	$0	$250	$400	$400	$400	$150

Stream A: $

Stream B: $

1. What are the PVs of the streams at a 0% discount rate? Round your answers to the nearest dollar.

Stream A: $

Stream B: $