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Question 1) Orange Credit Union expects an average annual growth rate of 16% for the next four years

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Question 1) Orange Credit Union expects an average annual growth rate of 16% for the next four years. If the assets of the credit union currently amount to $2.7 million, what will the forecasted assets be in four years? Question 2: The Get What You Pay For Bank advertises capital savings at 12% compounded monthly while Give Me Your Money Trust offers premium savings at 12.36% compounded yearly. Suppose you have $500.00 to invest for two years. a) Which deposit will earn more interest? b) What is the difference in the amount of interest? Question 3: Calculate the present value of $13 450.00 due in two years and nine months if interest is 7.8% p.a. compounded semi-annually. Question 4: An eleven-year promissory note discounted after six years at 9.2% compounded quarterly has a maturity value of $71 500. Find the proceeds. Question 5: Betty deposited $17 150.00 in an RRSP on March 1, 2010, at 6.4% compounded quarterly. Subsequently the interest rate was changed to 6.6% compounded monthly on September 1, 2012, and to 6.8% compounded semi-annually on June 1, 2014. What was the value of the RRSP deposit on December 1, 2016, if no further changes in interest were made? Question 6: If the effective rate of interest on an investment is 6.52%, what is the nominal rate of interest compounded monthly? Question 7: A debt can be repaid by payments of $1000.00 today, and $3000.00 in two years. What single payment would settle the debt three years from now if money is worth 16% p.a. compounded semi-annually?