Question: 1. Problem One: Compute the Future Value of 10,000 USD (U.S. Dollars), 75 years from today, if the interest rate is 6.25%, assuming: (a) simple

1. Problem One: Compute the Future Value of 10,000 USD (U.S. Dollars), 75 years from today, if the interest rate is 6.25%, assuming: (a) simple interest, (b) quarterly compounding, (c) verify your discrete compounding answers by using the FV function in Excel - as shown in class, (d) continuous compounding. 2. Problem Two: Compute the Present Value of 90,000 USD (U.S. Dollars), received 45 years from today, if the interest rate is 7.25%, assuming: (a) simple interest, (b) monthly compounding, (c) verify your discrete compounding answers by using the PV function in Excel - as shown in class, (d) continuous compounding. 3. Problem Three: A caring BMCC student decides to invest 500 USD for his descendants. Per his request, the funds will be invested for 200 years, at a nominal interest rate of 4.25%. Assuming continuous compounding, how much money will his descendants receive then

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