. Before doing Q1 and Q2, please first read the assigned readings and do quiz 2. Based on Chapter 4's Section 6 to 9, answer: 1) If the definition of FVA is future value of annuity, what are definitions of FVAD, PVA, and PVAD; 2) What is the new factor introduced in Section 6-9 in the time value functions; 3) What is the difference between FVA and FVAD; and 4) What is the difference between PVA and PVAD?

2. Read and understand the example in the attached Excel file "hdf424ex433" and answer: 1) What is the FV function used in Excel; 2) What is the difference between cells B8 and B17; 3) What is the difference between cells B9 and B18; 4) If compounding less frequent than annually, should r and n be adjusted and how; and 5) Follow the example and do Q13 in p75 again, but this time use the FV function in Excel. You may a new worksheet in Excel and type new information to do the exercise. Or you may use this shortcut: copy and paste the content in the worksheet "example433" to the worksheet "your answers" and then change some numbers and content if needed to get the answers. Attach your Excel file to this message when you post the discussion.

3. Talk with one of your parents about three most challenging financial issues she/he faced when she/he was in her/his early 20s and just became financially independent. Then report, 1) whom you talked with, 2) what are the issues with specific examples, 3) what are her/his advices for you, and 4) how do you prepare to face these challenges?If you are an older-than-average student, report: 1) what are the three issues you faced when you were in your 20s, 2) how did you deal with them, and 3) what is your advice for younger students.

4. Please read other students' posting on Q3 and write responses to one posting. You may agree or disagree with other students' postings or just offer additional comments and suggestions. The responses should be substantial with reasonable details (at least 70 .