1. You are considering an investment project with the cash flows of -500 (the initial cash flow), 700 (cash flow at year 1), -100 (cash flow at year 2). Given the discount rate of 10%, compute the Modified Internal Rate of Return (MIRR) using the reinvestment approach.
13.99%
17.38%
11.39%
15.76%
2. You recently sold an antique car you owned at a price of $29,575.72, to be paid in monthly payments of $900 each for 48 months. What nominal annual interest rate (i.e., APR) did you charge on the financing of the sale?
A. 5.00 percent B. 10.00 percent C. 15.00 percent D. 20.00 percent E. 25.00 percent