7. What is the present value of $800 to be received at the end of eight years, assuming the following annual interest rate? a. 4 percent, discounted

13. Two investment opportunities are open to you: Investment 1 and Investment 2. Each has an initial cost of $10,000. Assuming that you desire a 10 percent return on your initial investment, compute the net present value of the two alternatives and evaluate their relative attractiveness:Investment 1