1. You are given an investment to analyze. The cash flows from this investment are End of year
1. $15,630
2. $1,950
3. $15,030
4. $28,720
5. $4,540
What is the present value of this investment if 5 percent per year is the appropriate discount rate?
2. A major advantage of flexible spending accounts is
1. dependent care expenses are covered
2. unused funds revert to a 401 K
3. unused funds revert to the employer
4. it is regulated by the employer
5. none of the above.