1. Assuming a discount rate of 10%, what is the present value of $20,000 to be received 5 years from today?

2. If you deposit $12,000 at the end of each year for the next 23 years into an account paying 5% interest, how much will you have in the account in 23 years?

3. You need to borrow $58,000 to buy an SUV. The current loan rate is 6.5% compounded monthly and you want to pay the loan off in equal monthly payments over 3 years. How much will your monthly payment be?