Kristen Quinn makes equal deposits of $200 semiannually for 4 years.

Required: (Show work on all problems)

A) What is the future value at 8%? Round your answer to the nearest cent. $______________

B) LuAnn Bean will receive $3,400 in 7 years.

What is the present value at 7% compounded annually? Round your answer to the nearest cent, if rounding is required. $__________________

C) Michelle McFeaters can earn 6%.

How much would have to be deposited in a savings account in order for Michelle McFeaters to be able to make equal annual withdrawals of $700 at the end of each of 10 years? The balance at the end of the last year would be zero. Round your answer to the nearest cent. $________________

D) Ed Walker wants to save some money so that he can make a down payment of $2,700 on a car when he graduates from college in 4 years.

If he opens a savings account and earns 3% on his money, compounded annually, how much will he have to invest now? Round your answer to the nearest cent, if rounding is required. $_________________

E) Barb Muller wins the lottery. She wins $29,000 per year to be paid to her for 10 years. The state offers her the choice of a cash settlement now instead of the annual payments for 10 years.

If the interest rate is 6%, what is the amount the state will offer for a settlement today? Round your answer to the nearest cent.

$____________