3) If you invest $10,000 in a bank account paying 6% interest, how much will you have in the account at the end of year 39 if you make no withdrawals?...

3) If you invest $10,000 in a bank account paying 6% interest, how much will you have in the account at the end of year 39 if you make no withdrawals?

4) After 39 years, how much will you have in the account in Question #3 if the interest compounds quarterly?

5) What is the effective annual rate (EAR) that you are receiving in Question #4?

6) What is the present value of eighteen annual payments of $7,000, starting today if the interest rate is 7%?