2. Suppose you have $1,375 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures? Ply - 1 PV = -1.375 EFV-163307 N: 5 I ly = 3.5 3. Last year Rocco Corporation's sales were $600 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? PV = 600 mill FV=802.935.346.60 67. tyre PAYIN : 5 qob OY malo 4. How much would $1, growing at 12.0% per year, be worth after 75 years? PV = -1 Ily=12% FV = 49 13.06 N=75 5. Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 3.1%, how much is the bond worth today? FV = 1000 I/1 = 3.1% 6. How much would $10,000 due in 50 years be worth today if the discount rate were 7.5%