Please answer the following questions:24. Eastinghome Inc. just paid $8,000 to a landowner to explor

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Please answer the following questions:24. Eastinghome Inc. just paid $8,000 to a landowner to explore for but not extract valuable minerals. If the landowner invests the money at a rate of 5.5% compounded annually for 7 years, what is the investment worth at the end of that time period?a. $5,499.49b. $11,637.43c. $56,000.00d. $66,135.1525. You own a contract that promises an annuity cash flow of $100 beginning-of-the-year cash flows for each of the next three years (note: the first cash flow is today). At an interest rate of 10%, what is the present value of this contract?a. $248.69b. $273.55c. $331.00d. $364.10

 
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