QUESTION 1 0 points Save Answer Future value is the value of a future amount at the present time, found by applying compound interest over a specified period of time. True False QUESTION 2 10 points Save Answer Colin has inherited $41,535 from the death of Grandma Anna. How much money will Colin have in 14years if he deposits his money in an account paying 2.25 percent compounded semi-annually? 77433.88 QUESTION 3 10 points Save Answer Your employer is promising you an annual income of $72,214 starting in 29 years. If you expect inflation to be 0.62% between now and then, how much that first year's retirement worth in today's dollars? (Note: Do not include the comma in your answer!) QUESTION 4 10 points Save Answer Dan and Jia are newlyweds and have just purchased a condominium for $106,672. Since the condo is very small, they hope to move into a single-family house in 3 years. How much will their condo worth if inflation is expected to be 2.2 percent? QUESTION 5 10 points Save Answer You have become extremely wealthy because you paid close attention in Bauer's FIN 301 class. You have decided to endow a chair in finance. The university wants investments that will yield a payment of $170,643 per year (every year-forever) before they will accept a chaired position. If such investments earn 2.25% per year, how much will you have to donate to get a chaired position