1. Suppose you invested $2,000.00 in an account that pays 12.00% interest compounded semiannually.
After 10.0 years, how much money will be in the account assuming you make no additional deposits or withdrawals to or from your account?
2. What is the present value of receiving $700.00 at the end of each year forever? Assume the interest rate is 8.00% compounded annually.
3. What is the present value of receiving $140.00 at the end of each month forever? Assume the interest rate is 6.00% compounded monthly.
4. What is the present value of receiving $170.00 at the end of each month over the next 9.5 years. Assume the interest rate is 9.60% compounded monthly.