1. If the interest rate is 9%, the 1-year discount factor is equal to ________.
2. If the interest rate is 9%, the 10-year discount factor is equal to ________.
3. If the 1-year discount factor is 0.9434, the interest rate must be equal to ________.
4. If the 5-year discount factor is 0.9434, the interest rate must be equal to ________.
5. What is the present value (PV) of $100000 received 6 years from now, assuming the interest rate is 8% per year? ____