1. Which of the following investments has a higher present value, assuming the same interest rate (between 0% and 10%) applies to both investments? Year Investment X Investment Y 1 $5,000 $8,000 2 $6,000 $7,000 3 $7,000 $4,000 4 $8,000 $6,000 A) X has the higher NPV B) Y has the higher NPV C) The NPVs are equal D) Not enough information. We need an interest rate to solve

2. Samantha has holdings of 320 troy ounces of platinum, currently valued at $730 dollars per ounce. She estimates that the price of platinum will rise to $780.20 per ounce in the next year. If the interest rate is 10%, should she sell the platinum today? A) Yes; $6,401.10 B) No; -$4,356.27 C) Yes; $6,632.73 D) No; -$4,596.26