Please answer these with full calculations.

1. Suppose you have $1500 and invested it at 6 percent per year. How much could you withdraw at the end of the next 5 years?

a.$2007

b.$1,915

c.$2,016

d.$1669

e.$2,223

2. You are offered a chance to buy an asset for $7,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of Year 3, and $6,250 at the end of Year 4. What rate of return would you earn if you bought this asset?

a.4.93%

b.5.19%

c.5.46%

d.5.75%

e.6.05%