1.Suppose you need $1,000 in 6 years. How much do you need to deposit today if the annual interest rate = 7.0%, but compounded monthly?Round your answer to two decimal places.

2.You deposited $120 into an account 13 years ago for an emergency fund. Today, that account is worth $139. What annual rate of return did you earn on this account? Compute no other deposits, no withdrawals, and annual compounding.

3.You purchased a house for $500,000. Today, it is worth $733,764. How many years have passed if the price of the house has increased at an annual rate of 7.8 percent? Round your answer to FOUR decimal places.

4.Your parents are giving you $243 on the LAST day of every month for 4 years while you are in college. Suppose the annual interest is 5.2 percent, but compounded monthly. If you saved your allowance every month, how much will you have after four years? Round your answer to two decimal places.

5.Based on the following balance sheet and income statement,compute (a) the cash flow from assets and (b) cash flow to shareholders. In the box below, enter (a)+(b) as your answer. For example, if CF from assets = 100 and CF to shareholders = 50, thenenter 150as 100+50 = 150. Assume tax rate = 25%

6.Frodo wants to save money to meet three objectives. First, he would like to be able to retire 20 years from now with a retirement income of $10,000 per month for 20 years, with the first payment received 20 years and 1 month from now. Second, he would like to purchase a Porsche in 10 years at an estimated cost of $145,150. Third, after he passes on at the end of the 20 years of withdrawals, he would like to leave an inheritance of $478,464 to his son. He can afford to save $5,000 per month for the next 10 years. If he can earn an APR of 6.1 percent before he retires and an APR of 4.9 percent after he retires, how much will he have to save each month in Years 11 through 20?

7.You are planning your retirement in 30 years

You currently have $0 in a savings account and $0 in a stock account.

You plan to add $1,500 per month to your savings account at the end of each MONTH for the next 30 years. APR = 3.6%, compounded monthly

You also plan to add $2,000 per month to your stock account at the end of each MONTH for the next 30 years. APR = 4.8%, compounded monthly.

When you retire, you plan to withdraw $10,000 at the end of each MONTH for the next 25 years and leave $x for your nephew. APR = 4%, compounded monthly.