1) You are currently investing your money in a bank account which is nominal annual rate of 8 percent, compounded annually. If you invest $2,000 today, how many years will it take for your account to grow to $10,000
2) You are currently investing your money in a bank account which is nominal annual rate of 7.23 percent, compounded annually. How many years will it take for you to double your money
3) You deposit 1,000 in a saving account that pays 9 percent interest, compounded quarterly. How much will your account be worth in 6 years?
4) The ABE Company's bond mature in 10 years, have a par value of $1,000, and make a semiannual coupon payment of $50. The market interest rate for the bonds is 8.5%. What is the bonds price?