1. You receive a cash bonus, but your employer gives you two options: receive $8,000 right now or $10,000 two years from now. Assuming an interest rate of 12% what would be the best option. 

2. Find the future value of $500 in 6 years at 9%. What is the present value of an investment that will generate $300 per year for 15 years at 6%? If your grandparents decide to give you $30,000 when you complete your degree what might you offer to them today as an amount as opposed to waiting the 4 years (assume a 5% interest rate). 

(Calculations must be shown for full credit. A If Excel is used the spreadsheet with the formula must be submitted.)