1. What is the future value of $2,500 to be invested for 12 years at 6% annual rate? 2. Recalculate your answer to #1 above assuming interest is paid quarterly? 3. What is the present value of a $10,000 gift that you will receive five years from today at 7% opportunity cost? 4. You would like to go on a cruise 3 years from today. You have $250 in savings now but you need $400. What interest rate will ensure that are able to go on this cruise. 5. You have $100,000 in your retirement account. You need $500,000 to retire comfortably. Your account can earn 9% annual return. How many years will you need to achieve your goal