1.What is the present value of $10,000 that is received 6 years from now? The annual interest rate is 5%. Enter your answer rounded to two decimal places.

2. If you invest $4,000 into a savings account at an interest rate of 9%, compounded annually, how much will you have in the savings account after 11 years? Enter your answer rounded to two decimal places.

3.

Consider the following sequence

an=-3^n

where n=1,2,3,...

Select all the terms that apply to this sequence.

		Bounded
		Unbounded
		Divergent
		Convergent
		Monotonically increasing
		Monotonically decreasing