Hi, please answer ASAP for MBA 570 corporate finance. Thanks

1. What is the present value of $7,000 received

a. 10 years from today when the interest rate is 8% per year?

b. 20 years from today when the interest rate is 16% per year?

c. 5 years from today when the interest rate is 4% per year?

a. What is the present value of $7,000 received 10 years from today when the interest rate is 8% per year?

The present value is

$nothing .

(Round to the nearest dollar.)

2. Your daughter is currently 6 years old. You anticipate that she will be going to college in 12 years. You would like to have $137,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 12% per year, how much money do you need to put into the account today to ensure that you will have $137,000 in 12 years?

Your deposit today should be

$.

(Round to the nearest dollar.)

3. Suppose you receive $180 at the end of each year for the next three years.

a. If the interest rate is 7%, what is the present value of these cash flows?

b. What is the future value in three years of the present value you computed in (a)?

c. Suppose you deposit the cash flows in a bank account that pays 7% interest per year. What is the balance in the account at the end of each of the next three years (after your deposit is made)? How does the final bank balance compare with your answer in (b)?

a. If the interest rate is 7%, what is the present value of these cash flows?

The present value of these cash flows is

$ .

(Round to the nearest cent.)

4. You have just received a windfall from an investment you made in a friend's business. He will be paying you $31,004 at the end of this year, $62,008 at the end of the following year, and $93,012 at the end of the year after that (three years from today). The interest rate is 13.3% per year.

a. What is the present value of your windfall?

b. What is the future value of your windfall in three years (on the date of the last payment)?

a. What is the present value of your windfall?

The present value of your windfall is

$.

(Round to the nearest dollar.)