1) An investment promises to return $8,000 at the end of each of the next eight years and then $3,000 at the end of each of the remaining seven years (years 9 through 15). What is the value of this investment today at a 9 percent in terest rate?

2) You plan to invest $5,000 into a bank certificate of deposit for five years. The certificate of deposit pays a 6 percent annual nominal rate. What is the value of your investment in five years if the 6 percent rate is compounded at the following periods? a) quarterly (every three months) 3) An investment promises to return $1,500 annually with the first $1,500 to be received at the end of 5 years and the last $1,500 to be received at the end of 12 years. What is the value of this investment today at a 5 percent rate of return? 4) you just celebrated your 26th birthday today. you plan to invest $2000 annually, with the first $2000 invested on your 26th birthday and the last invested on your 60th birthday? a) What is the value of this investment on your 61st birthday if all invested funds earn 6 percent annually? 5) Ted and Carol are planning to provide for their two daughters' future college tuition. The oldest daughter is expected to need $8,000 in 8 years, $9,000 in 9 years, $10,000 in 10 years, and $11,000 in 11 years. The youngest daughter is expected to need $14,000 in 14 years, $15,000 in 15 years, $16,000 in 16 years, and $17,000 in 17 years. If Ted and Carol can earn 8 percent annually, what single amount do they need to invest today to provide for their daughters' future college tuition?