Total have 6 questions. Please show me your work and the detail steps. It must be completed within 2 hours 30 mins. 11:30 pm is my deadline. Thx!

1.What is the present value of the following UNEVEN cash flow stream if interest is 8% (rounded)?

YEAR CASHFLOW

1 $5,000

2 $8,500

3 $9,500

2.When you purchased a car, you borrowed $30,000 from the bank at 6.20% and agreed to make monthly payments for 5 years. What is yourmonthlypayment?

3. New Jersey Mutual has offered you a single premium annuity that will pay you $12,000 per year (end of year) for the next 15 years. If you must pay $100,000 today for this annuity, what is your expected rate of return?

4. Billy Bob has decided to put $5,500 a year (at the end of each year) into an IRA over his 40 year working life and then retire. What will Billy have if the account will earn 10 percent compounded annually?

5. What is the most you should pay to receive the following cash flows if your required rate of return is 14 percent?

Year 1 $5,000

Year 2 $8,000

Year 3 $12,000

Year 4-10 $15,000

6.Approximately how long would it take to double my money if I invest it now at 12%?