5. What is the most you should pay today for a piece of land which will be worth $500,000 in 10 years if you want a 15% return?

6. What is the present value of an annuity due which pays $250 per year for 10 years if 12% discount rate is used?

7. How much would you pay today for a 25-year annuity paying $45,000 annually if it begins 15 years from now and you want a 15% return?

8. If you want a 15% return, what is the most you should pay today for a stock that will trade $75 in 5 years and pay a $2 annual dividend?

1. What is the future value of $_ after 15 years when interest is 4%? See example. 2. What is the future value in the preceding problem if interest is compounded monthly? 3. What is the future value after 22 years of year-end deposits of $_ earning 3%? 4. What is the future value in the preceding problem if deposits are year-beginning? 5. What is the most you should pay today for a piece of land which will be worth $500,000 in years if you want a 15% return? 6. What is the present value of an annuity due which pays $_ per year for 10 years if a 12% discount rate is used? 7. How much would you have to pay today for a 25-year annuity paying $45,000 annually if it begins 15 years from now and you want a return? 8. If you want a % return, what is the most you should pay today for a stock that will trade at $75 in 5 years and pay a $2 annual dividend? 9. If you paid $750 for an investment years ago that is now worth $2000, what was your rate of return? 10. If you save $100 per month, what annual rate of interest must you earn in order to accumulate $10,000 after years? 11. If you borrow $250,000 for years and your monthly payment is $1000, what rate of interest are you paying? 12. If you bought a bond five years ago for $900 which paid annual interest of _and sold it today for $950, what was your rate of return? 13. If you want to accumulate $ after 30 years and your bank pays 2%, how much will you have to deposit monthly? 14. If you borrow $ for 25 years at 6%, what will be your monthly payment