1. Calculate the future value of $15,000 over three years if the interest rates are:

a. 10 percent

b. 15 percent

c. 7 percent

2. Using the formula for future value of interest compounded more frequent than annually; calculate the future value of a $10,000 investment at 8 percent interest if the interest is compounded:

a. Semi-annually over 20 years

b. Quarterly over 15 years

c. Monthly over 5 years

3. Calculate the approximate present value of $43,178 at 8 percent interest for 10 years, using the present value formula.

4. Calculate the Interest rate of the given values: amount of perpetuity is $200,000 and the initial investment was $2,500,000

5. If a facility invested $5,000 cash, what would be the future value of the investment after 4 years: a. At 10% interest compounded annually b. At 10% interest compounded semiannually