1. What is the present value of $1,200 received at the end of each year for eight years starting in year 4 and ending in year 11 if the discount rate is 10 percent per year?
A. $3,975.08 B. $4,372.59 C. $4,809.85 D. $6,183.65 E. $6,401.91
2. Venture capitalist are like bankers in that they are organized as formal businesses, and are subject the same state and federal regulations as banks, including the level of risks in their investments that they can undertake
True or false
3. An "angel" is relatively well known as a source of risk capital in the community and often uses intermediaries like investment bankers to deal with those attempting to pitch their ideas.
True or false