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. Round mathematically to the nearest dollar.

1. Present value of a payment of $200,000 that you will receive 9 years from now at 2.2%. (2 marks)
2. The future value of a deposit today of $300,000 to be received 10 years from now compounded twice yearly at an annual rate of 3.2%. (2 marks)
3. The present value of a series of equal yearly payments of $22,000 at 3.9% for 15 years. Payments are received at the end of the year. (3 marks)
4. The price of a 20 year, $20,000,000 bond that carries a face rate of 2%, a yield rate of 2.8%, and pays interest twice per year. (4 marks)