1. Your brother, who is 6 years old, just received a trust fund that will be worth $22,000 when he is 21 years old. If the fund earns 0.09 interest compounded annually, what is the value of the fund today?
2. Returns Year X Y (Year 1) 21.2 % 24.6 % (Year 2) 16.2 – 3.2 (Year 3) 9.2 26.6 (Year 4) 18.4 – 13.4 (Year 5) 4.2 30.6 Calculate the variances for X and Y. Calculate the standard deviations for X and Y.