1. (a) 3.6% (b) 1 (c) 3.6% (d) 5 (e) FV = $2000(1.036)^5 = $2386.87 2. (a) 3.6% (b) 4 (c) 0.9% (d) 20 (e) FV = $2000(1.009)^20 = $2392.51 3. (a) 3.6% (b) 12 (c) 0.3% (d) 60 (e) FV = $2000(1.003)^60 = $2393.79 4. (a) 3.6% (b) 360 (c) 0.01% (d) 1800 (e) FV = $2000(1.0001)^1825 = $2394.41 5. FV = $5000(1+.06)^7 = $7518.15 6. FV = $5000(1+.06/4)^(7*4) = $7586.11 7. FV = $5000(1+.06/12)^(7*12) = $7601.85 8. FV = $5000(1+.06/360)^(7*360) = $7609.55 9. PV = $10,000 / (1+.06/12)^(8*12) = $6195.24 10. PV = $20,000 / (1+.072/12)^(12*12) = $8451.25