Part 1:

What is the present value of the following set of cash flows if the discount rate is 17.1%? (the cash flows occur at the end of each period) (round answer to nearest penny and enter in the following format 12345.67 ) Year cash flow = - 1700 (a negative cash flow) Year 1 cash flow = 1100 Year 2 cash flow =2500 Year 3 cash flow = 1000 Year 4 cash flow = 1700

correct Answer :

Part 2:

At what per annum rate must $364 be compounded monthly for it to grow to $703 in 9 years? (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%)

correct Answer :