1. If you deposit $214 into an account paying 07.00% annual interest compounded monthly, how many years until there is $45,812 in the account?
2. What is the value today of receiving a single payment of $74,233 in 5 years if your required rate of return on this investment is 07.00% compounded semi-annually?
3. If you deposit $870 at 24.00%annual interest compounded daily, how much money will be in the account after 24 years? (Assume that there are 364 days in a year)
4. Suppose you deposit $194 today, $660 in one year, and $615 in two years in an account that pays an annual rate of interest of 04.00%. How much money will be in the account after three years?