1. What is he present value of the following annuity? $2,615 every half year at the end of the period for the next 4 years, discounted back to the present at 3.74 percent per year, compounded semiannually.
2. To what amount will the following investment accumulate? $24,424, invested today for 23 years at 3.12 percent, compounded monthly
3. You have accumulated $1,114,290 for your retirement. How much money can you withdraw for the next 30 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 10.22 percent per yea, compounded annually?