Question: Using the TIME VALUE FUNCTIONS on your calculator, calculate the following. Put your final answer in the space provided. NOTE: Remember, interest rates are quoted

Using the TIME VALUE FUNCTIONS on your calculator, calculate the following. Put your final answer in the space provided.

NOTE: Remember, interest rates are quoted as annual rates.

1. _____ What is the PV of $1,000,000 in 35 years using a discount rate of 8.5%?

2. _____ What is the FV of $80,000 in 15 years at 3.6% compounded monthly?

3. _____ How much would an investor have to invest today to produce a monthly ordinary annuity of $5,000 payable for 30 years assuming an annual rate of return of 6%?

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