1. Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)

An investment earns 6% per year and is worth $2,000 after 7 months.

2. Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.

1% per year, compounded quarterly (4 times/year), after 7 years

3. Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.]

9 years, at 4.9% per year, compounded weekly (52 times per year)