1.a) An investment will pay you $26'000 in 7 years. The slated interest rate is 9% (APR). If interest is compounded monthly, what is the present value?

b) If the effective annual rate of interest is known to be 14% on a debt that has monthly payments, what is the annual percentage rate? (round to 2 decimal places)

c) Suppose you deposit $6000 into your bank account at the end of each of the next 17 years. If the interest rate is 12% how much would you have accumulated at the end of 17 years? (round to 2 decimal places)

d) If the real interest rate is 4.5% and the inflation rate is 2.6%, what is the nominal interest rate? (round to 2 decimal places)

e) An investment promises to pay $390 per year forever with the first payment one year from now. If its value is $6920, what rate of return are you earning on this investment? (round to two decimal places)