1) What amount of money invested today will grow to $1000 at the end of 5 years if j4 = 8%?

2) A corporation anticipates needing $250 000 in 10 years' time to replace its fleet of company automobiles. How much money should it set aside today if it can earn j2 = 6.5% on any invested funds?

3) An obligation of $2000 is due December 31, 2018. What is the value of this obligation on June 30, 2014, at j4 = 5.5%?

4) Determine the accumulated value of $800 over 4 years 7 months if j4 = 4%.

5) Determine the discounted value of $280 due in 3 years 7 months if interest is at rate j1 = 1.75%.

6) On July 7, 2014, Mrs. Smith borrowed $1200 at j12 = 6.3%. How much would she have to repay on September 18, 2017?