Note for questions:(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

1. Mr. A is planning to invest $30,000 today in a mutual fund that will provide a return of 9 percent each year. What will be the value of the investment in ten years?

Value of investment after 10 years=

2. Mr. A received a graduation present of $5,000 that she is planning on investing in a mutual fund that earns 7.00 percent each year. How much money can she collect in three years?

Value of investment after 3 years=

3. Mr. A is considering an investment that pays 6.80 percent. How much will he have to invest today so that the investment will be worth $22,000 in six years?

Amount to be invested today=

4. Mr. A has asked you for a loan and has promised to pay back $9,000 at the end of three years. If you normally invest to earn 7 percent per year, how much will you be willing to lend to your brother?

Amount to be invested today=