Shanice purchases a savings bond which has a future value of 10,000 dollars.  If the bond is for five years and the interest rate is 5 percent per year, what is the present value of the bond?

2. On January 1, Shaniqua puts 2,000 dollars into an IRA with a 9 percent rate of return.  If she continues for a total of 6 years, how much interest would she have earned?

3. On January 1st, Tamara invests 2,500 dollars in an account with a rate of 7 percent per year.  Assuming she puts in 2,500 on 1 January for five years, what will be the ending balance at the end of the five-year period?