1. What is the future value of $60,000 at the end of 12 years if the rate of return is 8% 2. What amount received today has the same value as $10,000 at the end of each year for 10 years if the rate of interest is 12%. 3. You have just received an inheritance from a relative. You can receive either $200,000 today or a fixed amount each year for the next 10 years. What is the minimum yearly amount you will accept in annual payments if your required rate is 14%