Accounting homework!! HELP please?

1. Jerry and Lily invested $7,000 in a savings account paying 4% annual interest when their daughter, Mary, was born. They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th bday). How much was in the savings account on her 18th birthday after the last deposit??





2. Benjamin Company earns 10% on an investment that will return $875,000 eight years from now. What is the amount Benjamin should invest now to earn this rate of return?





3. Silkroad C. is about to issue $200,000 of 10-yr bonds paying a 9% interest rate, with interst payable semiannually. The discount rate for such securitties is 8%. How much can Silkroad expect to receive for the sale of these bonds?





4. Payless Co. receives a $50,000, 6-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 8%. What is the present value of the note received by Payless?

Accounting homework!! HELP please?
1.Answer 13760


2.Answer 175000



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