1. You invest $16,425 today and you plan to keep this investment for 15 years. If you can earn 1.25% per quarter, how much will you have after 14 years? 2. You are scheduled to receive $15,000 in five years that will then be invested for 16 years at 4.25%. How much would you pay for this investment today? 3. What is the future value of a monthly investment of $1,825 in 26 years assuming an interest rate of 6.7% compounded monthly? 4. You are delinquent on your accounts payable balance. You've agreed to a 6 year monthly repayment schedule at an interest rate of 5.75% per year. The current balance is $72,650, how much will you pay per month? 5. When you retire you expect to live for another 30 years. At the time your retire, you want to be able to withdraw $8,250 and you can earn 3.75% per year on your investment. How much money do you need at the time you retire to be able meet you needs? 6. If you deposit $1,750 at the end of each month for the next 10 years into an account paying 5.6%, how much will you have in the account in 16 years? 7. What is the value of the following cash flows in year 6? What is the value today? Assume interest rates today are 6.5%, then rates will be 6.25% for the next 4 years, 3.75% for the next 3 years, 5.3% for the next 4 years, and 3.75% thereafter. Year 6 8 10 17 Cash Flow $5,675 $9,725 $6,750 $11,750