Problem 1: Calculate the present value of an investment, given the following characteristics: (a) FV: $120,000, (b) Rate: 14%, and (c) NPER: 20.
Problem 2: Calculate the rate of return on an investment, given the following information: (a) FV: $50,000, (b) PV: $1,000, and (c) NPER: 15.