Questions $($worth $1$ point each and each mistake within a formula is $-0\mathrm{.}5$ points, so no points on a question if you make two or more mistakes$)$:

Question $1$: Juggernaut Corp. is planning to deposit $$583,000$ now into an $8\%$ annual interest account to pay for future security upgrades. How much will be in the account after $5$ years? Use the FV formula.

Question $2$: Assume the same details as Question $1,$ except that the account has quarterly interest. Use the FV formula.

Question $3$: Juggernaut has a customer offering in a long$-$term contract to pay the company $$875,000$ at the end of each year for $3$ years. If a $5\%$ annual discount rate is assumed, what is the present value of this long$-$term contract? Use the PV formula.

Question $4$: Assume the same details as Question $3,$ except that the customer is offering to pay the company $$875,000$ at the beginning of each year for $3$ years. Use the PV formula.

Question $5$: Juggernaut needs $$3,900,000$ in $8$ years to purchase new land for expansion. How much should the company deposit at each year$-$end in their $12\%$ annual interest investment fund? Use the PMI formula.

Question $6$: Assume the same details as Question $5,$ except that the company will make semiannual deposits and assume semiannual interest compounding. Use the PMT formula.

Question $7$: The current present value of a note payable owed by Juggernaut is $$1,041,396.$ The company is expected to pay $$221,000$ at each year$-$end for $7$ years. What annual interest rate is being assumed by the note? Use the RATE formula.