1. If you had invested $10,000 on January 1, 2010, at 4% interest compounded quarterly, how much would you have had on January 1, 2016?
2. Ms. Garcia has just invested $100,000 at 2.5% interest compounded annually. How much money will she have in 20 years?
3. Calculate the present value of $100,000 payable in 25 years at 2.4% interest compounded monthly.
4. Calculate the present value of $10,000 payable in 5 years at 2.4% interest compounded semiannually?