1 (a) Calculate the future value of $4,600 received today if it is deposited at 9 percent for three years. (5 marks) (b) Calculate the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent. (5 marks) ACM109 (c) Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie? (5 marks) (d) Colin has inherited $6,000 from his grandmother. He would like to invest this money for two years and then use the proceeds from that Investment to buy a new high-end gaming computer for $7,000. Will Colin have enough money to buy the computer if he deposits his money in an account paying 6 percent compounded annually? 24