1. Compute the present value of an $1,600 payment made in 10 years when the discount rate is 12 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Present value $
2. Compute the value in 20 years of a $1,000 deposit earning 10 percent per year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future value $
3. What is the future value of $600 deposited for one year earning an interest rate of 10 percent per year?
Future value $