1. Calculate the FV of $10,000 placed in the bank today for 20 years assuming a 5% nominal annual rate that compounds semiannually (10 points)

2. Calculate the PV of an annuity due making yearly 10 payments of $500 assuming a 5% nominal annual rate. (10 points)

3. Calculate the FV on an annuity making payments of $1,000 each six months assuming a nominal annual interest rate of 8% (10 points)