1) Determine the answer to each of the following questions.

1a. Find the Future Value of $2500 invested today at 11% for 10 years.

1b. Find the Future Value of $2500 invested today at 11% for 30 years.

1c. Find the Present Value of $6000 received 10 years from today if the discount rate is 5%.

1d. Find the Present Value of $6000 received 10 years from today if the discount rate is 10%.

1e. Find the Future Value of $3000 per year (at the end of each year) invested at 6% for 30 years.

1f. Find the Future Value of $3000 per year (at the end of each year) invested at 12% for 30 years.

1g. Find the Present Value of $4000 per year (at the end of each year) if the discount rate is 15% for 20 years.

1h. Find the Present Value of $4000 per year (at the end of each year) if the discount rate is 15% for 40 years.

2) Find the interest rates implied by each of the following:

2a. You borrow $1500 today and promise to repay the loan by making a single payment of $2114.00 in 5 years.

2b. You invest $500 today and receive a promise of receiving back $193.50 for each of the next 4 years.

3) If $2000 is invested today at a 12% nominal interest rate, how much will it be worth in 15 years if interest is compounded

3a. Annually

3b. Quarterly

3c. Monthly

3d. Daily (365-days per year)

4) How long will it take your money to triple given the following interest rates?

4a. 5%

4b. 10%

4c. 15%

5) After graduating from college you make it big all because of your success in business finance. You decide to endow a scholarship for needy finance students that will provide $5000 per year indefinitely, beginning 1 year from now. How much must be deposited today to fund the scholarship under the following conditions.

5a. The interest rate is 10%

5b. The interest rate is 10% and the first payment is made 6 years from today instead of 1 year from today.