1. If you invest $350 every six months at 4 percent compounded semi-annually, how much would you accumulate at the end of 12 years?
$12,490
$10,648
$9,712
$13,650
2. Compute the NPV statistic for Project U if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project U Time: 0 1 2 3 4 5 Cash flow: –$1,500 $550 $1,980 –$620 $500 –$200