A- Assume that you deposit $2,000 at a compound interest rate of 7% for 2 years. What's

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A- Assume that you deposit $2,000 at a compound interest rate of 7% for 2 years. What's the future value?

B- Assume that you need $5,000 in 2 years. Determine how much you need to deposit today at a discount rate of 7% compounded annually.

C- John and Mary are trying to build a nest egg to use in the future. They would like to know how much they need to set aside in a single lump sum today to be equivalent to investing $8,000 each year starting today to reach this goal. John indicates that they will use the money 20 years from today while Mary thinks that a 5% rate of return is appropriate for their risk level. Calculate the equivalent present value of this annuity due stream.

D- Assume that you need to double $4,000 in 6 years, what's the proper annually compound interest rate?

E- John and Mary are trying to build a nest egg to use in the future. They would like to know how much they need to set aside in a single lump sum today to be equivalent to investing $12,000 each year starting one year from today to reach this goal. John indicates that they will use the money 25 years from today while Mary thinks that a 7% rate of return is appropriate for their risk level. Calculate the equivalent present value of this ordinary annuity stream