1. Today Leo Burke purchased an investment grade gold coin for $150,000. He expects it to increase in value at a rate of 7% compounded annually for the next 3 years. How much will the coin be worth at the end of the fifth year? N IY PV PMT FV 2. Rodney Cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund. How much is the fund worth now assuming he has carned 11.3% compounded quarterly on his investment? N 1/Y PV PMT FV 3. Lucy Brown wants to give her daughter 535,000 to start her own business in 10 years. How much should she invest today at an annual interest rate of 9% to have $35.000 in 10 years! N I/Y PV PMT FV 4. Marque invested a sum of money at 9% interest, compounded monthly. He let the sam accumulate interest for 15 years and now has $19.190.22. What was Marque's initial amount that he invested? N 1/Y PV PMT FV 5. Jamie wants to have $1,000,000 for her retirement in 25 years. How much should she same annually if she thinks she can cam 10% on her investments? N IY PV PMT FV 6. Tammie wants to buy a scooter that costs $3,500. Her mom will loan her the money at 5% annual interest as long as she makes monthly payments over the next 3 years. How much will Tammie's monthly payment be? N IY PV PMT 6. Tammie wants to buy a scooter that costs $3,500. Her mom will loan her the money at 5% annual interest as long as she makes monthly payments over the next 3 years. How much will Tammie's monthly payment be? N I/Y PV PMT FV 7. James Heller borrowed S1,800 from his father to purchase a mountain bike. James paid back $2,600 to his father at the end of 4 years. What was the average annual compound rate of interest on James' loan from his father? N IY PV PMT FV 8. Harrison wants to double his money in 10 years. What annual rate of return must he find in an investment to reach his goal? N VY PV PMT FV 9. How many years will it take for $197,000 to grow to be $554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? N I/Y PV PMT FV 10. Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year. How many years will it take to exhaust his funds (run the account down to zero)? N I/Y PV PMT FV