1. $1000 is to be received in 17 months. Compute the corresponding discount factor, if the annual nominal interest rate is 4% and the interest is compounded monthly. Round your answer to 3 decimal places.
2. An investment will pay you $21,000 in 9 years. The appropriate discount rate is 10 percent compounded daily. What is the present value?
3. Compute the NPV of the cash flow stream (-2, 1, 1, 1), if the annual nominal interest rate is 8%, and each cash flow occurs semi-annually. Round your answer to 2 decimal places.