What is the future cash flow or the amount of money in your bank account at year 2 for an investment of $10,000 made at year 0 at a discount rate of 0?

a. $14,641.00

b. $13,310.00

c. $12,100.00

d. $11,000.00

e. None of the above

John has now spent $1 million to buy a house in the Daly city. The growth rate for the housing value in this city is 7.3% every year. How many years later will the house value be $3.5 million ?

a. 5.75 years

b. 17.78 years

c. 13.00 years

d. 15.59 years

e. None of the above

What is the (net) present value at year zero for the cash flows of -$280 and $300 received at years of 0 and 3, respectively, at a discount rate of 8%?

a. -$42.85

b. $42.22

c. -$45.22

d. -$41.85

e. None of the above