Prob 9-1 Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future, value if the investment is made for two years., , FV one year, FV two years, Sum of FV’s, , ,Prob 9-2 , Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent., , a. What would be the future value if the interest rate is a simple interest rate?, , FV using simple interest, , b. What would be the future value if the interest rate is a compound interest rate?, , FV using compound interest, , ,Prob 9-5 Find the present value of $7,000 to be received one year from now assuming a 3 percent annual discount interest rate. Also calculate, the present value if the $7,000 is received after two years., , PV received one year from now, PV received two years from now, , ,Prob 9-10 Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years, from now if the annual discount rate is 4 percent., , , PV one year from now, PV two years from now, , ,Prob 9-20 Use a financial calculator or computer software program to answer the following questions., , a. What is the present value of $359,000 that is to be received at the end of twenty-three years, the discount rate is 11 percent,, and semiannual discounting occurs?, , PV w/ semi-annual discounting, , , b. How would your answer for (a) change if monthly discounting were used?, , PV w/ monthly discounting,