1. Hope Dearborn invests $40,000 on January 1, 2016, in a savings account that earns interest of 8% compounded semiannually. What will be the amount in the fund on December 31, 2021? Round your answer to two decimal places.

3. Ron Sewert owes $30,000 on a non-interest-bearing note due January 1, 2026. He offers to pay the amount on January 1, 2016, provided that it is discounted at 10% on a compound annual discount basis. What would he have to pay on January 1, 2016, under this assumption?

5. Five equal annual contributions are to be made to a fund, with the first deposit on December 31, 2016. Determine the equal contributions that, if invested at 10% compounded annually, will produce a fund of $30,000 on December 31, 2021.

6. Beginning on December 31, 2017, 6 equal annual withdrawals are to be made. Determine the equal annual withdrawals if $11,000 is invested at 10% interest compounded annually on December 31, 2016.