Answer all questions as true or false.

1. Calculate the present value of the given stream of cash flows using the given discount rate. The present value you find is between $24,000 and $24,100.

time	cash flows	discount rate
0		5%
1	$1,000
2	$1,500
3	$2,000
4	$2,500
5	$3,000
6	$3,500
7	$4,000
8	$4,500
9	$5,000
10	$5,500

2. Calculate the present value of the given stream of cash flows using the given discount rate. The present value you find is between $17,550 and $17,600.

time	cash flows	discount rate
0		10%
1	$1,000
2	$1,500
3	$2,000
4	$2,500
5	$3,000
6	$3,500
7	$4,000
8	$4,500
9	$5,000
10	$5,500