1) How much do you need to savetwo years from nowso you will have $20,000 five years from now at 6% annual interest rate?

Answer:(rounded to two decimals, do not include thousand separator)

2) A security promises a single payment of $1800 six years later. Assume the market required interest rate is 10%. The price of the security today is $1016.05. What is the price of the security after one year ?

Round your answer to two decimals without comma (,) in the numbers.

3) An investor put $100 in US stock market in 1950. The average yearly rate of return of US stock market for 1950-2020 is 9% and she re-invested each dollar of dividend. How much is her total stock holding worth after 70 years?

Select one:

$41,673

$39,285

$45,200

$66,358

$56,924