46 Problem 2 How much do I need to deposit in the bank today at 8% compounded quarterly so that I will have $100,000 one year from today? Problem 3 How much do I need to invest today at 4% compounded annually in order to have $1,000,000 five years from today? Problem 4 How much do I need to put in the bank today in order to have $10,000 two years from today if interest is 8% compounded semi-annually? Problem 5 The Arsen Co. earned $500,000 last year. The company had 100,000 shares outstanding on January 1, sold 6,000 shares on July 1 and sold 6,000 shares on October 1. The Arsen Co. stock sells for $50 per share. Calculate the EPS