Round answers to the nearest whole number.

(a) The future value in two years of $3,000 deposited today in a savings account with interest compounded annually at 6 percent. $Answer

(b) The present value of $12,000 to be received in four years, discounted at 12 percent. $Answer

(c) The present value of an annuity of $3,000 per year for five years discounted at 14 percent. $Answer

(d) An initial investment of $48,015 is to be returned in eight equal annual payments. Determine the amount of each payment if the interest rate is 12 percent. $Answer

(e) A proposed investment will provide cash flows of $30,000, $12,000, and $9,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 20 percent, determine the present value of these cash flows.

Year 1	$Answer
Year 2	$Answer
Year 3	$Answer

(f) Find the present value of an investment that will pay $7,500 at the end of Years 10, 11, and 12. Use a discount rate of 14 percent. $Answer