1. Which amount is worth more at 14 percent, compounded annually: $10,000 in hand today or $2,000 due in 6 years?

2. Washington Atlantic invests $4 million to clear a tract of land and to set out some young pine trees. The trees will mature in 10 years, at which time Washington Atlantic plans to sell the forest at an expected price of $8 million. What is Washington Atlantics expected rate of return?

3. Your broker offers to sell you a note for $13,250 that will pay $2,345.05 per year for 10 years. If you buy the note, what interest rate (to the closest percent) will you be earning?

4. What is the future value of a 5 year annuity due that promises to pay you $300 each year? Assume that all payments are reinvested at 7 percent a year, until Year 4.

5. A mortgage company offers to lend you $85,000; the loan calls for payments of $8,273.59 per year for 30 years. What interest rate is the mortgage company charging you?

Please answer all !