1. You invest $1,000 at the beginning of the year. How much will be accumulated in five years if you earn 10% interest compounded annually?
2. You invest $1,000 per year at the end of each year for five years. How much will be accumulated in five years if you earn 10% interest compounded annually?
3. You will receive $1,000 in five years. What is the present value of that amount if you earn 10% interest compounded annually?
4. You will receive $1,000 per year at the end of each year for five years. What is the present value of that amount if you earn 10% interest compounded annually?
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