### Important information about Time Value of Money Questions

Determine the amount that must be deposited now at compound interest to provide the desired sum for each of the following: 1. Amount to be invested for 10 years at 6% per annum, compounded semiannually, to equal $17,000. 2. Amount to be invested for 2 1/2 years at 8% per annum, compounded quarterly, to equal $5,000. 3. A