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You invest $1,600 today and expect to sell your investment for $3,200 in 10 years. 2-1. Calculate the present value of the future payoff, if

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You invest $1,600 today and expect to sell your investment for $3,200 in 10 years. 2-1. Calculate the present value of the future payoff, if the Interest rate is 5%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a-2. Is this a good deal? b.1. Calculate the present value. If the Interest rate is 10%. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) b-2. Is this a good deal? 1-1 Present value Is this a good deal? Present value Is this a good deal? b.1 1-2

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