Question: 33. What is the future value exactly ten years after the last deposit of 40 annual deposits of $2,500 per year (first deposit to be

33. What is the future value exactly ten years after the last deposit of 40 annual deposits of $2,500 per year (first deposit to be made today) given an interest rate of 8.8% p.a.?

34. Krammer Bank offers a CD (i.e., certificate of deposit) that pays 3.55% p.a., but with monthly compounding. If Lebron deposits $250,000 into this account today, how much will he have in his account in exactly 18 years?

35. If the real rate of interest is 2.6% and if the expected inflation rate is 9.3%, what is the present value of $50,000 to be received exactly 8 years from today?

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