1. Happy Harry has just bought a scratch lottery ticket and won 10,000. He wants to finance the future study of his newly born daughter and invests this money in a fund with a maturity of 18 years offering a promising yearly return of 6%. What is the amount available on the 18 th birthday of his daughter? 2. Rudy will retire in 20 years. This year he wants to fund an amount of 15,000 to become available in 20 years. How much does he have to deposit into a pension plan earning 7% annually? 3. The National Savings Fund promises a monthly 0.75% return if you deposit 100 per month for 15 consecutive years. What amount will be accumulated after those 15 years? 4. Jack has deposited $6,000 in a money market account with a variable interest rate. The account compounds the interest monthly. Jack expects the interest rate to remain at 8% annually for the first 3 months, at 9% annually for the next 3 months, and then back to 8% annually for the next 3 months. Find the total amount in this account after 9 months. 5. You will deposit $2,000 today. It will grow for 6 years at 10% interest compounded semiannually. Find the value