1. Southern Pole is developing a special vehicle for Antarctic exploration. The development requires investments of $100,000 today, $200,000 in 1 year from today and $300,000 in 2 years from today. Net returns for the project are expected to be $90,000 at the end of year over the next 15 years. If the company requires a rate of return of 12% compounded annually-find the NPV of the project. (Chapter 16.2 NPV)

#	Payment and frequency (PMT)	Time in years (n)	Interest rate and compound frequency (I/Y)	Present Value (PV)	Future Value (FV)
a	$2900.11 per end of quarter	7 years	6% compounded quarterly	Not Applicable	_______________
b	$____________ per beginning of the month	114 months	4 % compounded semi-annually	$190,330.49	Not Applicable
c	$241.93 at end of every month	__________years	12.75 % compounded monthly	Not Applicable	$1,000,000
d	$2,000 at the beginning of every year	12 years	_____% compounded quarterly	$19,464.02	Not Applicable