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1. Suppose that one year from now you receive $570. What is it worth today if the discount rate is 4% (round to 2 decimal places, do not include the $)?

2. Suppose that you will receive $1386 ten years from now. What is it worth today if the cost of capital is 8% (round to 2 decimals, do not include $)?

3. Suppose that you deposit $510 in the bank today. How much will you have in the bank ten years from now if the APR is 9% (Round your answer to 2 decimals, do not include $)?

4. Suppose that you deposit $510 in the bank today. How much will you have in the bank ten years from now if the APR is 9% (Round your answer to 2 decimals, do not include $)?

Financial Management, Finance

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