In February of 2000 the NASDAQ Composite index peaked at a level of 4,690 (just before the Tech Bubble popped). In February of 2006 it was at a level of 2,060. The NASDAQ index has historically grown at an average annual rate of 9.5%. If the index continues to grow at its historic rate, then how many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000 level? How many years will it take for the index to grow from its Feb 2006 level back to the Feb 2000 level? years (Round to the nearest whole number.) u For each of the following cases, find the present value at time zero at the given nominal interest rate. Number of Compounding Nominal Deposit Periods in FV Interest Periods Present the Year (m) Deposit ($) Rate(%) (Yrs) Value ($) 1 15 8 2 600 11 17 12 500 3 3 800 Number of Compounding Periods in the Year (m) 1 FV Deposit ($) 800 Nominal Interest Rate(%) 15 Deposit Periods (Yrs) 8 Present Value ($) (Round to the nearest cent.)