Find out from a bank or other financial institution the current interest rate on a standard savings account. Find out what other savings plans are available and their interest rates.

1. Calculate by using the interest rate on regular savings accounts to fi nd out the future value of your account after eight years if you deposit $1,600 in it every year.

2. Compute by using spreadsheet software to calculate and compare the future values of your series of deposits based on the different interest rates offered for other savings plans.