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2. (10 Points) INTEREST AND EQUIVALENCE 2.1. For the cash flow shown in the table below, determine the value of X. The interest rate is 6% compounded annually. Year Cash Flow in $ 20,000 -5,000 -10,000 X A) $5,000 B)-$9,054 C) -56,377 D) -$8,252 2.2. Amidst recent financial crunch, a global corporation has to choose between multiple investment opportunities to invest $20 M. Among the options listed below, which one provides the maximizing the return on investment. A) 12% compounded quarterly. B) 11.85% compounded daily. C) 11.95% compounded monthly. D) 11.82% compounded continuously. 2.3. A sum of $500,000 will be invested by a firm two years from now. If money is worth 12%, what will be the worth of this investment 10 years from now? A) $1,553,000 B) $1,569,000 C) $1,463,100 D) $1,238,000 2.4.Determine the value of P using the appropriate factor A) $323.27 B) $355 C) $373.6 D) $395.2 0 F = $500 1 2 3 4 5 2.5. Nik 5 years ago deposited $2,000 in a bank account. The banks use the simple interest to pay back their clients. If he just withdrew $2876, what is the interest rate Nik camned on this account? A) 7.7% B) 8.76% C) 5.5% D) 9.6%