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this activity, you are posting your answers on this discussion board and replying to your peers. 1. Please post your answer to the following questions on this discussion board: 1. How much would you pay today to receive $100 one year from now? How did you come up with your answer? (1 pt) 2. Pick a commercial bank (e.8. Chase, BOA, American Express, TD, Citi, etc.) and select one of their credit cards that you would like to apply. Then answer the following questions: 2.1 Why you like to apply for this credit card? (1pt) 2.2 What is the variable APR for that credit card? (1pt) 2.3 (A sad but true foct: the majority of credit card issuers compound interest on a daily basis). What is your true cost (EAR) if this credit card also compounds interest on a daily basis? (1pt) 2.4 If you own $2,000, based on the interest rate and compounding frequency, how much will you owe to the bank one year later? (1pt) 3. Share your thoughts about which part of TVM calculation is challenging, and what is your plan to tackle it. If you have no problem with Chapters 5&6 Examples and Calculations, please share your tips about how to solve it. (1pt)