1. Say you have $100,000 to invest today for eight years. At the end of those eight years you will need $180,000. What compound annual rate of return do you need to attain this amount? 2. What would you pay today to receive $100,000 five years from today if you required a rate of return of 6% per year? 3. Say you have $50,000 to invest today at a compound annual rate of 2.96%. In how many years would you have $120,000? 4. If you invested $100,000 today at a compound annual rate of 4%, how much would you have in ten years? 5. You have purchased a $1,000, one-year certificate of deposit from Dinero Bank. The annual rate of interest (APR) is 2%, and you will collect principal and interest at the end of the one year term of the deposit. An important feature of this deposit is that interest is compounded twice-monthly. What is the effective rate of interest (EAR) on the deposit? 6. If you invest $3,000 today in a five-year time deposit that pays 4% per year (APR) compunded quarterly, how much will you have at the end of the five years