1. If you were to invest $4000 in investment at the end of each year for eight years, what would the investment be worth at the end of eight years, assuming 9% rate of return?

2. what is the value of $4000 to be received three years from now worth today? assuming an 11% discount rate.

3. what is the value of $4000, to be received each year for the next four years, worth today? Assume a 15% discount rate.