INFS course questions. Please answer all CORRECTLY for a like.

hint: compound cash flows during year 1-3

What is the future value in $) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End of year Cash flow 1 $500 2 826 3 740 Your Answer: Answer Question 7 (0.2 points) You are planning your retirement and you come to the conclusion that you need to have saved $2 million in 30 years. You can invest into an retirement account that guarantees you a 9% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your Answer: Answer Hide hint for Question 7 3 Answer H Hide hint for Question 7 calculating annuity annual payment N=# of years 00 8 I/Y=annual rate of return PV=0 10 FV= your retirement goal CPT (compute) PMT