1. You just inherited $25,000 from a relative. You decide to deposit the entire amount into an investment account earning 6% compounded annually, how much will it grow to in 15 years? 2. You would like to save money for the down payment on your first house, so you begin to make annual deposits of $3,150 into your savings account with the first payment being deposited today. Your bank pays you 3.5% interest on your savings account balance. How much will you have in your account at the end of 8 years? 3. How much would you be willing to pay today for the opportunity to receive $10,000 per year for the next 12 years if your required rate of return on similar investments is 8.75%? 4. You would like to purchase an annual zero coupon bond that will pay you a face value of $1,000 at the end of 4 years. Your required rate of return is 9.5%. How much would you be willing to pay for that bond today? BONUS QUESTION: (1 pt.) 5. If you invest $1,500 into a mutual fund today, how many years will it take for your investment to be worth $2,400 if you are hoping to earn 7.5% annually