1. Verify, using the FV=PV(1+r)t, that $1000 invested today would be worth >$1,600 in 5 years at 10%; nearly $2,600 in 10 years at 10%;>$10,800 in 25 years at 10%; and almost $117,400 in 50 years at 10%. 2. Calculate, using the FV=PV(1+r)t, what a Dow Jones Industrial Average of 28,500 today would be if compounded at 1.6% annually until Dec 31,2099(80 years); what if compounded at 4.6% annually, what if 7.7% annually. 3. If a haircut has a FV of $300,000 in 80 years, what is the PV of that haircut? What interest rate did you choose for your calculation? 4. Suppose you have a habit of one $5 cup of Starbucks per week for 40 years, what is the reduction to the future value of your retirement account? What interest rate should you use