1. Starting from today, you will deposit $500 every six-month into your retirement account, which earns a 10% APR. What will be your account balance at the end of 20th year if we assume no withdraw in these 20 years?
2. What is the total present value of the following cash flows: an $80 received in one year, a $300 received in two years, and a $700 received in six years, if the discount rate is 7% APR with the assumption of semi-annual compounding?
3. Critique Internal Rate of Return and compare to Return on Assets, Investment, Capital, and defend best practice in assessing overall financial performance.