i. Your friend Carmeny would like to borrow $500 today and promises to pay you back $10,000 in 30 years? What would be the key considerations in answering this question? Would your answer depend on if this arrangement was made with the Government of Canada. Write a brief paragraph explaining your answer.

ii. You plan on sending your children to college 17 years from now. The cost of college is $300,000 and you have $75,000 to invest right now. What must your rate of return be to cover your childs education?

iii. Your best friend Carmen has $10,000 to invest and wants to know how long it will take to triple their money at 6.5%