10.1.3: Determine i, n, P, and F for the following situations:

(a) $500 invested at 6% interest compounded annually grows to $631.24 in 4
years.

(b) $800 invested on January 1, 2001 , at 6% interest compounded monthly grows
to $1455.52 by January 1, 2011.

(c) $6177.88 is deposited on January 1, 2001. The balance on July 1, 2010 is
$9000 and the interest is 4% compounded semiannually.


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10.1.14: In order to have $10,000 on his 25th birthday, how much would a
person just turned 21 have to invest if the money will earn 6% interest
compounded monthly?

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10.1.20: Is it more profitable to receive $7000 now or $10,000 in 9 years?
Assume the money can earn 4% interest compounded quarterly.