What is a financial market what is the role of a financial


1. What is a financial market? What is the role of a financial market?

2. Calcuate PV, if an individual is expected to receive $350,000 after 10 years. The amount is expected to grow at the rate of 12% per annum.

3. What is the present value of the following cash flow stream at a rate of 10.0%?

Years:                         0                      1                      2                      3                      4

CFs:                          $0                 $1,500            -$1,000            $4,500             $6,000

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