(Show work using a financial caculator NOT EXCEL)

1. You are offered an investment that will pay you $839 per month for next 17 years. Assuming you want to earn an 10.01% rate of return, what is this investment worth today? Round to the nearest cent.

2. You want to accumulate $232695. You currently have $16267 saved. How much must you add at the end of each week for the next 12 years in order to reach your goal if you earn 6.59%?

3. You are offered an investment opportunity that will pay you $15,000 per year at the end of each of the next 10 years. The investment will cost you $100,000 today. Based on this information, your expected rate of return is

4. You plan to retire in 18 years. At the point of retirement, you want to be able to withdraw 37574 at the end of each year forever. Assume that you earn a 11.95% rate of return prior to retirement and an 6.12% rate of return after retirement. If you do not want to make any further contributions to your retirement fund, how much do you need today? Round answer to the nearest dollar.

5. What is the effective annual rate (keff) of 11.37% compounded 26 times a year. Round answer to two decimal places in percentage terms (for example 9.22%, not 0.09 or 0.0922). Note that 2 times a year = semiannual, 4 times a year = quarterly, 12 times a year = monthly, 26 times a year = bi-weekly, 52 times a year = weekly, and 365 times a year = daily.

6.

You plan to save the following amounts

$4143 today

$6726 per year for the next 2 years

$6915 per year for the following 1 years

$13288 per year for the following 7 years

$17906 per year for the final 6 years

Assuming you earn a 8.1% rate of return during the entire period, how much will you have at the END of the time horizon? Round answer to the nearest dollar.