V. Interest Rates (15 points) The interest rate is quoted as 6% per annum with contimuous cotmpoysulimy. Please answer the following three questions. 1. If you invest $1,000 at the quoted interest rate for 5 years, how much will you receive in five years? hoel 2. A financial product will bring you $15,000 ten years from today. How much are you willing to pay for this product today? [Hint: find the present value] 3. How much is the equivalent annual compounding rate