2) Compute the following:

a) You invest $15,000 today at 9 percent per year. How much will you have after 15 years?

b) What is the current value of $120,000 after 10 years if the discount rate is 12 percent?

c) You invest $3,000 a year (at the end of a period) for 20 years at 11 percent. How much will you have after 20 years?

3) How much should you set aside each year (end of the period) to accumulate $70,000 after 15 years? The interest rate is 10 percent.