How much would you have to invest today to fund two equal, Financial Management

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How much would you have to invest today to fund two equal

1. How much would you have to invest today to fund two equal payments in years 1 and 2 of $500 each if the interest rate is 5% APR (compounded annually)?

A. $931.77

B. $915.38

C. $928.51

D. $914.64

E. $929.71

2. How much would you pay today for an annuity that pays $679 each month, starting next month, for 34 months if the interest rates are 3.4% APR compounded monthly?

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