1. If $35,500 is invested at 6.8% for 30 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)
(a) Semiannually
(b) monthly
(c) daily (n=360)
(d) continuously
2. When determining relevant cash flows for project evaluation, we should _____.
a. add back in interest expenses after subracting taxes
b. discount interest expenses to the present
c. ignore interest expenses