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1.Jane's retirement goal is 2million. Her bank is offering her a Certificate of Deposit that is valid for 40 years at 6%. What initial deposit does she need to make to reach her retirement goal at the end of 40 years?

2.HSBC offers to pay Eddie, the economist, a lump sum of 20,000 after 5 years if he deposits 9,500 with them today. Barclays, on the other hand, says that they will pay him a lump sum of 22,000 after 5 years if he deposits 10,700 with them today.

Which offer should he accept, and why?

3.You are considering purchasing a new home. You will need to borrow290,000 to purchase the home. A mortgage company offers you a 20-year fixed rate mortgage (240 months) at 12% APR. If you borrow the money from this mortgage company, your monthly mortgage payment will be closest to ________.

4.A company operates a savings scheme (interest rate 4% per annum) for its employees.

a.Calculate the amount saved at the end of one year when 200 is deposited each month

b.How much should be saved from a monthly salary in order to have 5000 at the end of the year?

5)Why do you think many companies compensate executives with options based on long-term increases in the value of the company's stock?