Problem 1: Calculate the future value of $150,000 fifteen year from today based on the following interest:
a. 3%
b. 6%
c. 9%
d. 12%
Problem 2: Calculate the present value of $35,000. 20 years from today based on the following annual discount rates:
a. 3%
b. 6%
c. 9%
d, 12%