Calculate the following on your financial calculator. Show your financial calculator inputs. Use of tables is not acceptable. All rates are expressed as an annual rate.

1. Present value of a payment of $600,000 that you will receive 10 years from now at 4%.
2. The future value of a deposit today of $500,000 to be received 8 years from now, compounded twice yearly at an annual rate of 5%.
3. The present value of a series of equal yearly payments of $20,000 at 3.8% for 20 years. Payments are received at the end of the year.
4. The price of a 10 year, $2,000,000 bond that carries a face rate of 3% and a yield rate of 3.8%, and pays interest twice per year.