Question 2 You placed $8,016 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How much you will have in this account at the end of 8 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places.

Question 3 What is the present value of the following future amount? $279,069 to be received 6 years from now, discounted back to the present at 3 percent, compounded annually. Round the answer to two decimal places.

Question 4 If you want to have $404,355 in 8 years, how much money should you put in a savings account today? Assume that the savings account pays you 8.9 percent and it is compounded annually. Round the answer to two decimal places

Question 5 The local home improvement store has a washing machine on sale for $868, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 5 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today? Round the answer to two decimal places