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thank you 1. Someone you know needs a loan and she is willing to pay you back $20,000 in exactly 6 years. If the appropriate

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1. Someone you know needs a loan and she is willing to pay you back $20,000 in exactly 6 years. If the appropriate discount rate is 6.0% compounded annually, how much would you be willing to loan her today? Round to the nearest cent. 2. Suppose you are planning to deposit $4,000 in a bank account. You'd like your deposit to grow to $6,000 in 5 years. If interest in the account compounds weekly, what annual interest rate do you need? Answer in percentage and round to two decimal places. 3. Suppose you deposited $4,000 in a savings account earning 2.0% interest compounding daily. How long will it take for the balance to grow to $11,000? Answer in years rounded to two decimal places

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