1. Today you deposited $3000in an account with s stated annual rate of 14% and semi-annual compounding. If you don't withdraw any funds from the account, what will the balance be six years from today?

2. You will need $14000 fours years from today. You have a mutual fund that earns 9% compounded annually. How much money should you deposit in your mutual fund today, in order to ensure that you will have the needed funds?

3. You just bought a house for 30 equal annual payments of $7000. The interest rate on your loan is 10%. The first payment will be made today. what was the cash price of the house?

use either formulas, time values tables and a financial calculator.