For these problems, do not use the TVM keys on your calculator
1) You are investing $100 today. How much will you have in 8 years if you earn 6% per year?
2) You are investing $80,000 today. How much will you have in 20 years if you earn 5% per year?
3) What is the present value of $10,000 paid 8 years from now discounting at a rate of 12%?
4) If you want to have $40,000 6 years from now, how much must you invest today if you expect a
return of 8%?
5) You invest $10,000 today and end up with $14,000 two years from now? What was your annual
return?
6) You have $25,000 to invest now and want to have $60,000 sometime in the future. If you earn 8% on
your investments, how long will this take?