Please answer all 3 questions.

5. If the cost of capital is 12%, what is the PV of $318 paid in year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

7. An investment costs $1,698 and pays $166 in perpetuity. If the interest rate is 10%, what is the NPV? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

8. If the one-year discount factor is 0.9099, what is the one-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

If the two-year interest rate is 9.9%, what is the two-year discount factor? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Given these one- and two-year discount factors, calculate the two-year annuity factor. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

If the PV of $10 a year for three years is $24.91, what is the three-year annuity factor? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

From your answers to (c) and (d), calculate the three-year discount factor. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

a.	Interest rate		%
b.	Discount factor
c.	Annuity factor
d.	Annuity factor
e.	Discount factor