You are considering saving $10,000 in a bank certificate of deposit. Stated interest rate is 9%. Find:

1. The future value in 20 years with quarterly compounding.

2. What is effective rate with quarterly compounding?

3.You anticipate needing $30,000 for a down payment on a home in six years. If you earn 6%, how much must you set aside now to achieve this?

4. Referring to #3, how much would you have to set aside at the end of each year, instead of now, to achieve the $30,000 objective?

5. You have begun a 401k at work, contributing $1,000 at the end of each year. How much is your account worth in forty years, assuming a 6% rate of interest?

SHOW ALL WORK (CALCULATOR INPUTS) PLEASE :)