c. Find the PV of $1,000 due in 4 years if the discount rate is 8%. Round your answer to the nearest cent.

$ fill in the blank 22

d. A security has a cost of $1,000 and will return $2,000 after 4 years. What rate of return does the security provide? Round your answer to two decimal places.

fill in the blank 23 %

e. Suppose California's population is 36.5 million people, and its population is expected to grow by 4% annually. How long will it take for the population to double? Round your answer to the nearest whole number.

fill in the blank 24 years

f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 11%. Then find the FV of that same annuity. Round your answers to the nearest cent.

PV of ordinary annuity: $ fill in the blank 25 FV of ordinary annuity: $ fill in the blank 26

g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent.

PV of annuity due: $ fill in the blank 27 FV of annuity due: $ fill in the blank 28

h. What will the FV and the PV for parts a and c be if the interest rate is 8% with semiannual compounding rather than 8% with annual compounding? Round your answers to the nearest cent.

FV with semiannual compounding: $ fill in the blank 29 PV with semiannual compounding: $ fill in the blank 30

i. Find the annual payments for an ordinary annuity and an annuity due for 8 years with a PV of $1,000 and an interest rate of 7%. Round your answers to the nearest cent.

Annual payment for ordinary annuity:	$ fill in the blank 31
Annual payment for annuity due:	$ fill in the blank 32

j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 7%.

Year	Payment
1	$200
2	$400
3	$700

Round your answers to the nearest cent.

PV of investment: $ fill in the blank 33 FV of investment: $ fill in the blank 34