Please help with the given homework:
Task 1: Calculate the future value of the following
1. $500 invested for 5 yrs at a 5 % interest rate
2. $700 invested for 3 years at a 2 % interest rate
3. $1200 if invested for 7 years at an 11 % interest rate
4. $400 if invested for 10 years with an 0 % interest rate
Task 2: CALCULATE THE PRESENT VALUE OF THE FOLLOWING
a. $2400 to be received 3 years from now with a 4% discount rate
b. $900 to be received 5 years from now with a 10% interest rate
c. $1100 to be received 2 years from now with a 24% interest rate
d. $45,000 to be received 8 years from now with a 7 % interest rate
e. Suppose you to are receive a stream of annual payments (also called annuity) of $7000 every year for 3 years starting this year. The discount rate is 6 %. What is the present value of these payments
f. Suppose you are to receive a payment of $4000 every year for 3 years.You are depositing these payments in a bank account that pays 3 % interest.Given these 3 payments and this interest rate, how much will be in your account in 3 years.