Question 2. You will receive $250 at the end of each year for the next 10 years. At the end of 10 years you will receive a final payment of $500. What is the present value of that cash flow if the proper discount rate is 4% per year? Question 3. You will receive $50 at the end of each month for the next 10 years. At the end of 10 years you will receive a final payment of $500. What is the present value of that cash flow if the proper discount rate is 4% per year compounded monthly? Question 4. You plan on borrowing in order to buy a condo. You want to borrow for 30 years and make monthly payments. The maximum monthly payment you can make is $850 per month. You want to pay the whole loan back by the end of 20 years (Hint: Fv=0 ). You have checked with your banker that your annual mortgage interest would be 5.5% per year. What is the maximum loan amount you can borrow under these conditions