1) At what rate must $400 be compounded annually for it to grow to $716.40 in 10

1) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?A. 6%B. 5% C. 7% D. 8% 2) The present value of a single future sum A. increases as the number of discount periods increase B. is generally larger than the future sumC. depends upon the number of discount periodsD. increases as the discount rate increases 3) Which of the following is considered to be a spontaneous source of financing? A. Operating leases B. Accounts receivable C. InventoryD. Accounts payable 4) Compute the payback period for a project with the following cash flows if the companys discount rate is 12%. Initial outlay = $450 Cash flows: Year 1 = $325 Year 2 = $65 Year 3 = $100 A. 3.43 years B. 3.17 years C. 2.88 yearsD. 2.6 years