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1. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(1) The present value of the deposits on 1 March 2005.

a. $135,180.48

b. $83,936.44

c. $318,748.49

d. $122,891.34

2. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(2) The present value of the deposits on 1 March 2006.

a. $83,936.44

b. $135,180.48

c. $122,891.34

d. $318,748.49

3. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(3) The present value of the deposits on 1 March 2001.

a. $318,748.49

b. $135,180.48

c. $122,891.34

d. $83,936.44

4. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(4) The future value of the deposits on 1 March 2015.

a. $318,748.49

b. $122,891.34

c. $135,180.48

d. $83,936.44

5. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(5) The future value of the deposits on 1 March 2016.

a. $513,347.63

b. $318,748.49

c. $350,623.34

d. $135,180.48

6. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:

(6) The future value of the deposits on 1 March 2020.

a. $350,623.34

b. $318,748.49

c. $513,347.63

d. $135,180.48

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