Instructions: Answer the five following parts to Question 1.

SHOW FULL WORK AND DON'T ROUND UNTIL YOU GET YOUR FINAL ANSWER

1A. Suppose you invest $51,293 today in an account that earns 8.42% interest annually. How much money will be in your account 19 years from today?

1B. What is the value today, of single payment of $90,033 made 16 years from today, if the value is discounted at a rate of 2.14%?

1C. How many years would it take an investment of $878 to grow to $13,468 at an annual rate of return of 27.09%?

1D. How much money would you need to deposit today at 5.29% annual interest compounded monthly to have $4,843 in the account after 11 years?

1E. If you deposit $450 into an account paying 19.07% annual interest compounded quarterly, how many years until there is $92,742 in the account?