All work must be individual with emphasis on numerical accuracy Exercise One: Compute the Future Value of 15,000 USD (U.S. Dollars), 15 years from today, if the interest rate is 5.25%, assuming: (a) simple interest, (b) annual compounding, (c) monthly compounding, (d) daily compounding. Exercise Two: Compute the Present Value of 20,000 USD (U.S. Dollars), received 10 years from today, if the interest rate is 6.25%, assuming: (a) simple interest, (b) annual compounding, (c) monthly compounding, (d) daily compounding. Exercise Three: The future value of an investment is $3, 200,000, and its present value is $800,000. Assuming an investment horizon of 11 years, find the average interest rate assuming: (a) semiannual compounding, (b) quarterly compounding, (c) daily compounding. Exercise Four: You are a portfolio manager at JP Morgan, and your target future price is $1, 625,000, given an original investment of $425,000, assuming an interest rate of 6.75%, how long would you have to wait to reach this goal under (a) annual compounding, (b) quarterly compounding, (c) under daily compounding