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1. Calculate the Present Value for the following - $1,000,000 Future Value, 20 years, 8.50% rate (annual) 2. Calculate the Future Value for the following

1. Calculate the Present Value for the following - $1,000,000 Future Value, 20 years, 8.50% rate (annual)

2. Calculate the Future Value for the following - $1,000,000 Present Value, 25 years, 6.25% rate (annual)

3. Calculate the Number of Periods for the following - $150,000 Present Value, $1,000,000 Future Value, 7.50% rate

4. Calculate the Future Value for the following - $0 Present Value, $1,000 monthly payment, 20 years, 5.50% rate

5. Select one of the solved calculations above and briefly describe why compounding interest is so powerful.

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