1. You need $250,000 in 10 years. The interest rate is 10%. Compounding is monthly. How much do you deposit today?

2. What is the interest rate if FV= $5,000, PV= $1,000 and t= 200 periods?

3. What is the value of bond if the bond is 10% bond, 30 year bond, and the YTM is 6%?

4. You have invested $10,000 in saving account. The interest rate is 10% per year, and the length of time is 10 years. Compounding is semiannually. What is the value

of the saving account at the end of the period?

5. You will need $1,000,000 when you retire after 30 years. The interest rate is 12% per year. How much you need to contribute to your IRA every month?

6. How long would it take for your money to double if the interest rate is 10% per year? Compounding monthly.

7. What is EAR if APR = 8% and compounding monthly?