Find the future value of $100 in five years at 5% interest.
2. How much would you have to deposit now to have $15,000 in eight years if interest is 7%?
3. What is the present value of $5,000 that will be paid to you eight years from today at 8% interest?
4. If you borrow $1,000 and pay back $1,728 in three years, what annual rate of interest are you paying?
5. A US government bond in the amount of $1,000 will mature in six years, has no coupon payments, and carries an interest rate of 8%. What is the value of this bond today?
6. You spend $725.00 to purchase a $1,000 bond that will have no coupon payments and matures in 12 years. What interest rate will you be earning on this bond?