Using the equations and tables in Appendix 24a of Chapter 24, determine the answers to each of the following independent situations:

1. The future value in two years of $5,000 invested today in a certificate of deposit with interest compounded annually at 10%.

2. The present value of $6,000 to be received in five years, discounted at 8%.

3. The present value of an annuity of $15,000 per year for four years discounted at 12%.

4. An initial investment of $29,480 is to be returned in six equal annual payments. Determine the amount of each payment if the interest rate is 16%.

5. A proposed investment will provide cash flows of $6,000, $8,000, and $20,000 at the end of Years 1, 2, 3, respectively. Using a discount rate of 16%, determine the present values of these cash flows.

6. Find the present value of an investment that will pay $6,000 at the end of Years 8, 9, 10. Use a discount rate of 12%.