1. Suppose you put $1000 into a bank account with an annual interest rate of 5%. What will be the account balance at the end of 10 years if the interest rate is compounded monthly?

3. For the same problem as in #1 , how much will the account balance at the end of 10 years if the interest rate is compounded quarterly?

4. If the annual interest rate is 6%, would you rather have Show steps in your calculations. $500 now, or, $700 at the end of five years, compounded monthly

5. If you invest $1000 in a bank paying an annual interest rate of 10% compounded annually, how long it would take to double the initial investment. (Show steps in your calculation)

6. What is the present value of a simple bond with a face value of $2000 that makes annual payment of $200 for 3 years at an interest rate 5%? Show steps in your calculations.