Use the TI 84 Plus calculator to answer the following questions:

1 -Find the present value of an investment that promises a cash flow of $200 at the end of year 1, $400 at the end of year 2, $700 at the end of year 3, $100 at the end of year 4, and $300 at the end of year 5. Assume that you require a return of 7%.

2- Ann just put $200 in a bank account that has a nominal interest rate of 5%. The interest is compounded annually. How much money will she have at the end of 5 years assuming she makes no deposits or withdrawals?

3- You have determined that your firm will need $300,000 in 4 years for expansion. A decision has been made to make an investment today which will earn 9% compounded annually. What amount will you have to invest today to have $300,000 at the end of 4 years?

4- The current Powerball Jackpot is $200,000,000. It promises to payout this amount in 20 annual $10,000,000 payments over the next 20 years. If you decide to take a one-time payment today instead, how much will you receive before taxes? Assume an interest rate of 6% compounded annually is used.

5- An investment promises a cash flow of $200 at the end of year 1, $400 at the end of year 2, $700 at the end of year 3, $100 at the end of year 4, and $300 at the end of year 5. What is the yield (return) on this investment if the current market price is $1361.48.

6- If the cost for a particular investment is $15,186.75 at t=0, and the expected cash inflows are $5000 for each of years 1 through 4, what is the yield for this project?

7- Francis would like to have $1,000,000 in savings when she retires. If she invests $2,000 per year in a savings account paying 3% interest compounded annually, how long will it take her to accumulate $1,000,000?

8- Jill borrows $50,000 and promises to repay with 15 equal annual payments. The annual interest rate is 14%. What is the amount of Jills annual payment?