1) If you invest $596 today into an account that can earn 6% interest (compounded yearly), how much money (in future value) will you have in 12 years? (answer in dollars, but without the dollar sign)

2) Albert will give you $166 one year from now and $398 two years from now. Using a discount rate of 8%, what is the present value of the total of these future cash flows? (answer in dollars, but without the dollar sign)

3) What is the present value of a perpetuity that pays $91 each year, forever (assuming a discount rate of 4%)? (answer in dollars, but without the dollar sign)

4) Your friend says that their Grandparents give them $1,659 every year, and they will somehow continue to do this forever. They say the present value (PV) of this stream of cash flows is $24719. What discount rate are they using in their calculations? (answer in percent (%), e.g. "7" is 7%)