1. How much must be deposited today into the following account in order to have $75,000 in 7 years for a down payment on a? house? Assume no additional deposits are made. An account with monthly compounding and an APR of 7?%. How much should be deposited today?
2. Consider the following historical returns for a company, Year 2014: Return = 15%, Year 2015: Return = 5%, Year 2016: Return = 10%, what is the standard deviation?