1. Calculate the future values of the following amounts at 4 percent for twenty years:

a. 50,000

b. 75,000

c. 100,000

d. 125,000

2. What is the present value of 90,000 to be received ten years from now using a 7 percent annual discount rate?

3. Calculate the present values of the following using a 4 percent annual discount rate at the end of 15 years:

a. 20,000

b. 60,000

c. 90,000

d. 130,000

4. What is the present value of a 2,000 ten year annual ordinary annuity at a 4 percent annual discount rate?