1. Calculate the future value of $12,000 invested for 18 years assuming an annual interest rate of 12%, compounded monthly 2. Calculate the present value of an ordinary annuity of $2,000 received annually for 5 years assuming a discount rate of 10%. 3. Calculate the present value of an annuity of $100,000 received annually that begins today and continues for 8 years, assuming a discount rate of 11.5%