Find the present value (in dollars), in two decimal places, of $1000 in four years' time if the discount rate 5.4% compounded semi-annually. A deposit of 85000 is put into an account earning interest at the annual rate of 9.2%,with interest paid quarterly. How much (in dollars) will there be in the account after eight years? Round your answer to 2 decimal places. Answer: Suppose the sum of $5 000 is invested in an account earning interest at an annual rate of 4.4%. What is the balance after eight years, if interest is compounded continuously? Round your answer to 2 decimal places. Answer: An individual decides to invest in a project which requires an initial outlay of $10 000. This project yields $10100 after 3 years, but zero cash ows before that. Calculate the (annual) internal rate of return, in percentage, for this project. Round your answer to 2 decimal places. Answer: A young couple has made a nonrefundable deposit of the rst month's rent {equal to $1000) on a one-year apartment lease. The next day they find another apartment that they likejust as well, but its monthly rent is only $900. They plan to he in the apartment for a year. Should they switch to the new apartment? Assume an (annual) interest rate of 12%. Select one: 0 True 0 False