1) Would you be willing to pay$1,500 today in exchange for $10,000 in 30 years? What would be the key consideration in answering this question? Would your answer depend on if this arrangement was made with government of Canada or fellow classmates at xyz college. Write a brief paragraph explaining your answer.

2) you just got married and are planning to have children. You plan on sending your children to xyz college in fifteen years from now. The cost of this university degree is $300,000 and you have $65000 to invest right now. What must your rate of return to be cover your childs university education?

3). Your best friend from xyz college has $10,000 to invest and wants to know how long it will take to quadruple her money at 6.5%