Please include thel work/inputs for full credit. For example: What is the future value of $1,000 invested for 5 years at 10%. The answer is $1,610.51 and the work would either be the formula, 1,000(1.10)5 or the inputs of PV=1,000n=5 and r=10% QUESTION 1 Both you and your older brother would like to have $20,000 in 10 in years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 10.1 percent compared to your brother's 8.9 percent. How much less than your brother will you have to deposit today? QUESTION 2 Bob bought some land costing $15,740. Today, that same land is valued at $45,517. How long has Bob owned this land if the price of land has been increasing at 6 percent per year? QUESTION 3 You are going to deposit $26,500 today. You will earn an annual rate of 6.3 percent for 9 years, and then earn an annual rate of 5.7 percent for 12 years. How much will you have in your account in 21 years? QUESTION 4 An investor who was not as astute as he believed invested $267,500 into an account 13 years ago. Today, that account is worth $206,400. What was the annual rate of return on this account? QUESTION 5 You expect to receive a payout from a trust fund in 4 years. The payout will be for $13,600. You plan to invest the money at an annual rate of 5.2 percent until the account is worth $22,900. How many years do you have to wait from today? QUESTION 6 What is the future value of $2,998 invested for 9 years at 5.2 percent compounded annually? QUESTION 7 One year ago, you invested $3,400. Today, it is worth $4,150. What rate of interest did you earn? QUESTION 8 Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.1 percent until you retire in 45 years. You believe that interest rates will increase over the next year and you would be offered 4.7 percent per year one year from today. If you plan to deposit $11,500 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit? QUESTION 9 What is the present value of $12,700 to be received 4 years from today if the discount rate is 7 percent? QUESTION 10 The winner of the first annual Tom Morris Golf Invitational won $165 in the competition which was held in 1911. In 2015 , the winner received $1,580,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2045