**Present and Future Value Problems**

If you have $1,000 dollars and put it into a 12-month Certificate of Deposit (CD) paying 4.00% interest at term (maturity), how much will you have at maturity - assuming no other changes to the account?

If you have $1,000 dollars and put it into a 36-month (CD) paying 4.00% interest annually (compounding annually), how much will you have at maturity - assuming no other changes to the account?

If you need $2,000 dollars in 12 months to buy your best buddy a new set of golf club and the bank is offering 4.00% interest rate on a 12-month CD compounding annually, how much will you have to deposit today to have exactly $2,000 in 1 year - assuming no other changes to the account?

If you need $20,000 dollars in 48 months to buy your mom a new car for putting you through college, and the bank is offering 4.00% interest rate on a 4-year CD compounding annually, how much will you have to deposit today to have exactly $20,000 in 4 year - assuming no other changes to the account?

Make up your own scenario (you need to give me either one PV or one FV question), and submit it with your answers above. We will work a few of these in an upcoming class to make sure everyone gets it, so you dont even have to give me the answer.

**Please show your work**